TATAPOWER
1D TATAPOWER - Short Position1. Bearish Engulfing Pattern formed at Supply and Demand Zone.
2. Additionlly 50% Fibonacci Retracement Level is added.
3. Round Number 200.00 is mentioned and that will be the entry point below 5-10 points.
4. EMA 89 got confluence on that pattern which confirms A++ trade.
5. Half of your stock will be sold at take profit level and move that stop loss to breakeven. And leave the remaining stocks to free rally.
6. TP and SP level clearly mentioned in the chart window.
Tata Power 1st impulse after long consolidationTata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades
Tata Power is in our investment pick & we have a long term target above 2000.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
TATAPOWERTATAPOWER:- Stock has given breakout of parallel channel, if you want to plan something, you can plan from 212 to 217, till then keep your eyes on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
2nd Post -Predicted In Afternoon but Didnt posted TATA POWER 216Tata power broke out the rising channel then falling down and will take support on the channel and will rise again till 215-216 which will be our first target. It looks like a medium level of risistence if it is broken we will see our next target at 222. startegy is to sell 40-50% stocks near 215-216, take stopless to 213-214 then sell 40-50% (might hold for more profit)at 222.
NOTE - ITS NOT A FINANCIAL ADVICE ITS MY STARTGY , AM NEW SO SUGGESTIONS , CORRECTION ARE APPRICIATED
TATAPOWER Ready to Takeoff on Weekly Charts.TATA Power is following 76 Weeks Cycle & It has completed 76 weeks of correction. Earlier 76 weeks stock jumped from 29 to 300 --> 10x in 90 weeks. Corrected to level of only 181 in 76 weeks ... Also a Flag pattern getting Built on the Weekly charts.
Any breakout on script above 225 can see the Momentum coming back to the Script with big Players to start accumulation again on the stock for the Targets of 1000+ in 2-3 Years.
LTP - 207
SL - 175
Targets - 1000+
Timeframe - 2-3 Years.
Logical Reason behind the targets given - Power Sector in INDIA is in-demand sector with EV vehicles becoming future of INDIA. Once the Stocks crosses 225-250 Big Players will again start accumulating the stocks for 2x-3x ROI which will drive the stock to 400+ with buyers still lined up for weeks to go. Big Players don't do investment for 20-30% ROI they do invest for multi year & multifold returns. So 1000+ Targets very much Possible / Logical & Achievable on the stock in coming months.
Happy Investing to be Friends & Followers.
Tata Power on Bearish trendlineCurrently, Tata Power is experiencing a bearish trend in the stock market, as seen by its recent struggles to push the market higher and its potential for further decline as indicated by the chart. However, despite this short-term volatility, Tata Power remains an attractive long-term investment option for those interested in the energy sector. Its ability to break through some resistance levels and its overall financial strength, diversified portfolio, and strategic investments in renewable energy make it a promising opportunity for investors seeking to invest in the stock market for the long run.
Breakdown in Tata Power Company Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TATA POWER BREAKOUT AGAINT TOWARD 300NSE:TATAPOWER Has amazingly given a breakout from descending triangle pattern from the level of 210 after being in the zone of 200 from long time. Tata power can break new levels in coming future as it is one of the leading power companies in competition with Adani power. You can create a fresh position in Tata power with SL of 200 for the target of 240-250-300. Only enter with good quantity if it will break the 215 with good volume and a Re-test from 210 level.