TATAPOWER
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.
TATA POWER TRADE IDEA | 8/4/21All the reasons for the trade have been explained in the video.
---HAPPY TRADING
TATAPOWER in uptrend(BO & volume combo)My study on Tata power
Example of Volume and breakout combination
Add on dips stock
From Consolidation to uptrend
Candle 1 is BO candle after 97 days Consolidation
Healthy candle with decent volume
follow-up volume is also good
Candle 2 was again BO candle with good volume
Candle 3 was Trade line BO with volume
now it was gap up which is showing strength with
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
NTPC POSITIONAL/SWING TRADE ANALYSISNTPC CONTRACTION PATTERN A GOOD VOLUME BREAKOUT CAN TAKE IT TO HIGHER LEVELS
CAN SHOW LEVELS OF 112-116, IF SUSTAINS ABOVE 108, MAJOR RESISTANCE AT 123-126
TATAMOTORS SHORT TERM TREND ANALYSISTATAMOTORS has given a small breakout and can head to next RESISTANCE level around 327, ONE CAN BUY AROUND 310-305 WITH SL OF 303 FOR TARGET OF 314-319-325
TATA POWER : DOUBLE BOTTOMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATA POWER to cross biggest resistance after almost 11 yearsMight be a big jump and should wait for further confirmations.
If it can not cross then it may fall heavily ever seen
Tata Power : A business to shineEver since Tata motor's EV segment started shining, the supportive leg which is TATA POWER setting up charging stations across nation and Govt of India pushing for green vehicle parade by 2030 this stock looks like an excellent investment pick. Friday it saw a huge volume activity because of the news that Tesla is in talks with TATA POWER to set up charging stations.
Target 3 (54%) achieved. Target 4 is ON...This is follow-up on Tata Power. Can check link to related ideas.
Target 3 achieved. More than 54%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 4 (74%) achieved. Target 5 is ON...This is follow-up on Tata Power. Can check link to related ideas.
Target 4 achieved. More than 74%. Target 5 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
TATAPOWER exactly bounce from final support.expecting pull-back in price up to 39 above is easy after already taken support as 31.45 .
This stock is also good for the investor's portfolio and I have uploaded levels for it in the last post.
Tata Chemical both possible scenariosIf the price breaks 792.10, then it will form a new buy zone and enter on the pullback. If it breaks 722, then it will go till 487 after retracing back to nearby 770, this will be a swing short. And when if it reaches to 487, it will shoot up to take out 792.
TATA POWER
Stop loss shifted to 110 represented by pink line and we will be bullish until market is bullish or (NIFTY is green).
watch for bearish red candle engulfing
TATAPOWER LONG | cup & handle | fundamentally strong LONG at current levels
TRG 100/- 6 months
CUP size 36/- Therefore TRG = current price(63)+cup size(36)= 100/-
Perfect Bookish Handle at 33% levels
