TATAPOWER
Long Setup in Tata Steel LongA bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:TATASTLLP
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
TATAMETALI may consolidate/fall for a whileI am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Tata Power: Formed Reversed Head & Shoulder PatternTata Power has formed reversed Head & Shoulder Pattern.
#Current Price - 234
#Expected Target - 275
#Resistance Based Targets
- Target 1 - 233.5
- Target 2 - 240
- Target 3 - 247.5
#Support/Stoploss - 219
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
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.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.