Tata Power Analysis, a strong bearish trendI just started doing analysis, do comment if it lacks some learnings.
Tata Power has been In a bearish trend for the past couple of weeks. As the markets are also bearish, hold Tata Power for the long term as it gonna blast if it closes above the trend line breaking its bearish trend. Adopt buy on dip strategy and hold for the long term.
TATAPOWER
TATA POWER under Symmetrical TriangleCHART -> TATA POWER DAILY SETUP
As seen per charts, a beautiful symmetrical triangle under formation on daily chart of TATA POWER.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Tata Power : DWM Analysis.......No Buy / No sale :::: ONLY VIEW ::::
Its pure knowledge sharing Idea based on my study of Indicators which i follows...
Tata Power :
Daily : Near 50 DMA
Weekly : 193 good support on weekly closing basis
Monthly : Inverted Hammer
Currently Stock have strong support of 213 on daily @ which it take support twice last week n reversed
To me Stock is in Range of 213-253........
Needs to break either side....... to get momentum.......
TATA POWER is ready for a powerful RallyTata Power is now testing the Flag & pole pattern and if it manages to breach the triangle , we can enter at 240 levels with 225 as SL for a positional target of almost 150 points.
As currently Bears are pushing the market on downside, its better to enter once we get clear breakout signal at 240.
Kindly share your valuable feedback.
Disclaimer: Please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.
TATA POWER IS GOING TO GIVE A BREAKOUT IN NEXT WEEKTata power is making a flag pattern and if it breaks the level of 252.20 the, it will give a big breakout in upcoming days.
This is the best time to enter into this stock wait for the green candle for the next week and buy TATAPOWER .
FYI: THIS IS JUST MY ANALYSIS, do your own research before investing in it.
TATA MOTORS BUY at Current LevelsTATAMOTORS has shown a great retracement from its recent highs of 530+. In fibonacci levels, we can clearly see how the stock took support at78.6% levels. Its currently hovering around and has not broken down this level. A long call can be taken here, for targets up to 510. ALSO THIS LONG VIEW IS SUPPORTED BY THE PARALLEL CHANNEL THAT THE STOCK HAS FORMED ON DAILY CHARTS. I AM BULLISH AT CURRENT PRICES WITH SL BELOW 470.
** I am not Sebi registered. Kindly consult advisor before taking trade.**
Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]NSE:TATAPOWER
I am posting this as one of the follower on twitter requested.
Observations:
1) On 1day time frame, it is now back above 21DMA.
Major support is at 220 level.
And if it sustain above 21DMA then we can see upmove to continue.
21DMA is placed at 231.42 level range. Which will work as immediate support.
Today's volume was slightly lower than yesterday.
Please refer below chart : 1 day Time Frame.
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Most of the levels and trade setup remains same.
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAPOWER | 22-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On 1day time frame, it is trading above 21DMA and 21DMA is immediate support.
Breakdown of it will make it bearish.
21DMA is placed at 231.04 level.
So we can say that 230-232 level range is immmediate support zone.
Please refer below chart : 1 day Time Frame.
2) On 1day time frame, we can see it gave breakdown of the trendline with bearish candle.
If it bounce back and take resistance from this trendline then it will be confirmation of bearish trend.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 22-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
LEMONTREE consolidation; Asc Triangle & Parallel ChannelLEMON Tree started consolidation move, trapped in Ascending Triangle pattern since late 2020. This consolidation broke out in Late September. Coincidentally I also found out that the stock is also following a Parallel Channel Consolidation, as visible from chart. The stock is now consolidating near upper band of this Channel. A probable breakout from this point, supported with volumes may lead this stock to scale new highs after the fall of March 2020. Stay with this trade for a target of above 60.
** I am not SEBI Registered. Kindly consult your advisor before taking trade. **
Simple Trade Setup | TATAPOWER | 15-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On Daily time frame, it has been trading above 10DMA. 10DMA is placed at 231.89 level.
Immediate critical support range is 230-235 level range. Breakout level is 250 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Power Fibonacci Retracement SupportOn the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
Tatapower Buy short termI hope you can now see how Tatapower represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.






















