TATAPOWER
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.
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: 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.






















