TATAPOWER
TataPower ShortI 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 .
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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 products 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.
Tatapower Bullish Trend with changing channelTatapower having a bullish approach through a changing channel.
ABCD harmonic pattern created with multichannel setup where BC has done a perfect Fibonacci retrenchment of 0.786 i.e. at Rs.50.35.
Now expected move is CD which could be Rs.67 to Rs.77. as per channel and Fibonacci Extension level.
Long term view on Tata PowerTata Power had gave a 1st big breakout at levels of 53 and gave a 2nd breakout at levels of 64 after forming head and shoulders pattern.
Company is establishing EV charging stations. It recently gained letter of intent from 2 Odisha discoms and it's arm CGPL cleared a debt of 1550 crores. These points make the company fundamentally attractive too.
Levels of 110-120 can be seen in the long term.
TATA POWER breaking out from a symmetrical triangleTATA power is breaking out from a symmetrical triangle.
What is the trend prior to the formation? UPTREND.
What is the predicted trend after the symmetrical triangle? UPTREND (going by theory of a symmetric triangle)
Is the symmetrical triangle confirmed? Yes, consolidated volumes.
What is the idea? Go long on tata power. Super formations.
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NSE:TATAPOWER
TATA POWER BIG MOVE ON THE VERGE?Tata power in the Recent Rally broke a long term trendline and then again took support around levels of Rs.50. It showed further consolidation before it broke the levels of Rs. 54.2. Now it is consolidating again in a channel pattern and rose by 2.36% in the last trading session but still remained intact in the channel. Have it in the watchlist, it can give you gains in intraday as well as swing trading in the upcoming days.