#SELL TATAPOWER BELOW 74.5INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 13th)
#SELL TATAPOWER BELOW 74.5
TATAPOWER
NTPC all important levels for one year horizon chart suggest something big , something good coming in this sector for next year , expecting a 40 to 50 % uptick in the counter !
Tata Power Crucial LineTata Power is at a crucial long time support level .
More chances of going down as stock strength is weak .
Short once the level broken .
TATA POWER short term view againAll indicators are positive still it can move up to 97 without any struggle bcaz stoch is in upward direction.it may reach up to 101.
Refer my previous analysis on Tata power on below link
Targets are
95.3
95.8
96.1
96.8
98.7
101
Stoploss: 88.95 on closing basis.
Vijayaraghavan,
Kovilpatti.
Tata PowerNSE:TATAPOWER went to resistance level and retraced nicely.
CMP 84.50
Sell below 84
Target 79 / 75
However I feel that a fall below 78 can be fatal for the stock
Tata Power view on coming weeksIn weekly and daily chart, signal line cross over in MACD,RSI positive will help to move up further.
Targets are from weekly chart
84.2
87.2
90.6
91.15
93.25
Stoploss: 78.4 on closing basis.
Vijay,
Inditrade,Kovilpatti
Tata Power - Bullish signalNSE:TATAPOWER has corrected nicely recently and presently at its support.
Stock has made a dogi at the bottom signaling its ready to change the trend and go bullish.
Buy TataPower above 78.65
Taget 80 / 81.5 / 85
tata power looks bullish over medium termprice is moving in an uptrend channel in weekly time frame.
Recently morning star candlestick formed at the channel support, and price is reversing , so 1st tgt - previous swing high - 90.5, and sl - below the channel support - around 76.7 .
TATAPOWER ShortTATAPOWER -1.51% has been trending in a nice channel.
82 seems to be a good level to go short for a target of 80.
This is also the expiry week so the next four days present a lot of opportunities. This definitely seems a good one for a leveraged trade.
Also, the general sentiment is turning negative or at least neutral for highly positive. That adds to the impetus.
Good risk reward considering everything.
Tata Power - Weekly BuyTata Power is forming a huge green candle this week. If it manages to close above 82 tomorrow, this week's low could be a good SL (weekly closing basis) to go long for possible 90+ targets. 83-85 could be a minor hurdle before blasting off.
Tata Power: Nice Short-term OpportunityThere are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper parallel of the red trend channel.
Am looking to buy this stock. Plan your trade and position-size judiciously.
Energy companies are toastThe CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.
For more thorough analysis, check out my daily NSE dashboards at
rpubs.com
Tatapower SHORT Doji Star confirmation RSIWhite candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by providing stop loss little above the recent high so a low risk trade.
TATAPOWER - TRENDING UP IN CHANNELIt is been observed on the daily chart that the price action is trending up in a channel. Currently the price action corrected from month's high of 86 to 81 levels. Now, it shall further move up from the support levels of the channel.
Target: 85
Stoploss: 82
RR: 1:2
Tata Power - Channel Trade SetupIt is been observed on the daily chart that the price action is trending up in an uptrend channel. Now, the price action has touched and reached to the support level or line of the channel, forming a channel trade setup. It is usually a risk trade setup but most rewarding.
Target 1: 84
Target 2: 85
Stoploss: 81
TATAPOWER Double top formation.TATA Power has exhibited a double top formation, more negativity expected as it failed to breach resistance.
TATA POWER - BEARISH PIN BAR CANDLESTICKSIt is been observed on daily chart that the price action forms a Bearish Pin Bar Candlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74.
Target: 74
Stoploss: 79
Tata Power - Bullish Cypher Pattern It is been observed on the daily chart that the price action forms a bullish harmonic pattern called cypher pattern where the Leg D is reaching 78.6% retracement levels. Now it shall retrace back to 38.2% of CD leg. The pattern shall be validated unless it breaks below the stoploss placed at previous support levels.
Target: 78
Stoploss: 72.50
Tata Power Breakout to New Impulse Wave It is been observed that the price action is trending up by making higher highs and higher lows. Previously, at high of 77 levels price action consolidates and corrects within a downward trendline and then breakout the trendline and then broke out to a new highs with that impulsive wave. Now it is again breakout from the downward trendline and looking to reach for previous high levels of 80.
Target: 80
Stoploss: 74.50
B Plan Series -2 Tata PowerFor more details please check : B Plan explanation in related ideas. Only Nifty stocks below 100 in this series.
Happy Trading !
