CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands at 58 and is indicating bullishness.
MACD is above the signal line.
I believe it's a good opportunity to go long on energy stocks
Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy.
Tatapower:
Jswenergy:
Powergrid:
Adanigreen:
TATAPOWER
Tata PowerEverything self explanatory on chart
Close above trendline as well above 50 Dma
Clean setup
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 adviser before taking any trade.
TATA POWER Descending Traingle pattern - Breakout 1DAs i've already posted an analysis on TATA POWER creating it's Descending Triangle Pattern, Now it has broken this pattern and creating a new upward rally. I am hoping for TATA Power's new lifetime High Soon. There is more positivity in Tata Group due to IPL Sponsorship. Tata Power is also good opportunity for Investment Purpose .
Tata Power: At crucial resistance levels & trading strategyTata Power
- The stock is at crucial trendline resistance
- 216 is an important support level which if broken would lead to further fall
On the upside 230-236 odd levels has the potential to act as resistance
Given the set up, one may consider a Bear Call spread strategy.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Tata Power company LimitedTata Power is in Upward Trend. Formed a hammer over 20 EMA. Taking probable support. RSI also crossed Sweet 60.
Time to enter a long trade.
Please note idea is for Educational Purposes only.
Any losses you make are entirely your own.
The author is not responsible for any such losses.
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 .
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 charts 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.
TATA POWER "BUY CALL" POSSIBLE 15% ROI
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Tata Power Analysis, a strong bearish trendI just started doing analysis, do comment if it lacks some learnings.
Tata Power has been In a bearish trend for the past couple of weeks. As the markets are also bearish, hold Tata Power for the long term as it gonna blast if it closes above the trend line breaking its bearish trend. Adopt buy on dip strategy and hold for the long term.
TATA POWER under Symmetrical TriangleCHART -> TATA POWER DAILY SETUP
As seen per charts, a beautiful symmetrical triangle under formation on daily chart of TATA POWER.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Tata Power : DWM Analysis.......No Buy / No sale :::: ONLY VIEW ::::
Its pure knowledge sharing Idea based on my study of Indicators which i follows...
Tata Power :
Daily : Near 50 DMA
Weekly : 193 good support on weekly closing basis
Monthly : Inverted Hammer
Currently Stock have strong support of 213 on daily @ which it take support twice last week n reversed
To me Stock is in Range of 213-253........
Needs to break either side....... to get momentum.......