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TATAPOWER

TORNTPOWER - BREAKOUT AND RETESTA STRONG STOCK TO HOLD Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:TORNTPOWERLong
by FAHEEMSAM
TATA POWER: ON THE VERGE OF A GOLDEN CROSSTata Power is on the verge of forming a golden cross. A Golden Cross is a basic technical indicator that occurs in the market when a short term moving average (50-day) of an asset rises above a long-term moving average (200-day). When i see a Golden Cross occur, i view the chart pattern as indicative of a strong bull run. Stock is near 52W high with significant volumes and RSI is also indicating price strength. Target: 150 Horizon: 12W
NSE:TATAPOWERLong
by Chinmayonniftyy
Tata power Bullish setupJust like Metals and commodity stocks have turned bullish on the back of falling dollar and additional infrastructure spending by the givernment, power and energy stocks too follow the same persuit. Coming to the levels, Tata power is currently holding 20 week average and the stock has turned bullish again from the same levels before. The previous week it closed positive and hints at the end of the corrective wave. The channel breakdown could be false as it is pretty common for 4th waves. The entire structure is actually extending what we'll have another set of iii iv before which aligns with Nifty 50 as well. Go long for a target of 110 with a stop loss of 89. Do you own due diligence or consult your financial advisor before acting on the information present.
NSE:TATAPOWERLong
by Quasim
11
Tata Power – Conditional Trade (Long 124/Short 86)Tata Power is currently trading under its 50 DMA after a sell off in Indian Markets this week. The fact that they have dropped their solar power deal with Petronas did not help the situation. Scenario #1: Short IF: Price breaks the overall bottom trendline (bold blue) with above average volumes. Target price can be set at ~86.40, with a stop loss at 94. Scenario #2: Long IF: 1)Price breaks above 96.35 with above average volumes 2)AND continues to break the 50 DMA 3)AND finally continues to break out of the parallel channel 4)One can add more after price breaks through 103, 108 & 115. Target Price can be set at ~124, with an initial Stop loss at 94 (can be adjust to trailing as necessary) Note – We should see the initial break outs within the next 20 days - Based on overall trend, we can assume Scenario #2 will prevail.
NSE:TATAPOWER
by Technical_TB
TATA POWER ON 30 MINS CHARTTata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is approaching towards FIBONACCI 61.8% level, buyers are getting weak. As this is 30 mins chart we believe TATA POWER can end up in a range bound market for upcoming week. Trade safe
NSE:TATAPOWER
by Trademint08
1