TATA POWER will be a good buy soonPlease follow the levels marked in the chart which is based on following observations :
1. Triangle pattern in a 2H chart.
2. RSI declining divergence on a Daily chart
3. Declining volume or buyers.
Initiate sell position only on down break-down with a good 7% move. Check for a retest on a 30Min or 1 Hour chart as well!
Aggressive traders can short now as I have with strict stop-loss. Risky trade !! opposite to trend.
~Can contact me at +91-9789598340 (whats-app only)
TATAPOWER
Is TATA POWER can be next TATAMOTORs ??TATAPOWER is very near to break long term 10 year downward channel breakout around 86 INR stock price.
Also last 4-5 month traded with heavy volume and RSI also last 10 year downward breakout done.
So I feel If TATAPOWER breaks long term resistance with volume than it can be turn-around story and can be move towards, 100-115-125-150..
Disclosure : - I have personally own the stock and this is only study purpose and not recommendation of any stock.
Break Out after 12 years WOW!! Multi Year Breakout.It's a multi-year breakout!! Price may give a pullback up to the channel's upper edge.
It's an investment opportunity for 2 to 3 years.
Volumes have been increased drastically for over 6 months.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!
Tata Power Long TermRevenue up in Mar 31, 2020 291,363.70 from Mar 31, 2019 298,810.60
Net Change in Cash 17,728.70 from Mar 31, 2019 -8,830
Total Assets 897,481.50
Total Liabilities 701,821.30
After corona effect power consumption at record high this year so hopeful this stock
Investing for 2 Year
in Pyramiding Style
Entry at 85 CPM on DCB
Stop Loss at 75 for Current Trade
after successfully enter in this trade will shift the Stop loss on Weekly Close Basis
This is for Educational Purpose only not for investing
#Invest on your own risk
Tatapower | Descending Triangle Break | Volume surge 🎯⭕ Investment Trading opportunity ! Monthly Chart Alert !!! ⭕
--Buy Above =78.35 or CMP
--Target = 96.60 | 116.80
--Stop-loss = 65.70
--Lot Size = 13,500
--R:R = 3.04
--Expected Profit = 5 lakh + ₹ per lot ( 49% )
--Expected Holding = around 1 year only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) tatapower is the 2nd leading company after powergrid & has given a breakout with volume
2) Descending Triangle Breakout ,50 ema breakout , resistance breakout , Long term trendline breakout
3) fundamental is too good , checked everything correctly
4) Do your research as well & support & resistance is mentioned on the chart
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