Seems extremely bullish after the monthly breakout took place :) U can now have a position either on the green supporting trendline SL is must and strict with proper risk ( the money u r willing to lose happily ) Or wait for the pattern to fold itself into something better = a breakout from the weak resistance trendline :) Have a good day and happy trading :)
Hi From follwing Tata Power for more than 3 months now, I have come to the conclusion that this share gracefuly respects the Support and Resistance levels. If Tata Power is not able to break the 108 level tomorrow, it might get range bound between 106 and 108 levels for a few days. If it breaks the 108 level, we have next target at 110. Anyhow, this wonderful...
Buy tata power for a target price of 150.
Craze on this stock can lift it up. Hold it and earn good returns.
Tata Power has given a good retest from the key support zone along with the uptrend levels. The risk: reward is greater than 2.5 in case of a push move. Keep accumulating !! Aggressive and Safe traders can take an entry for the next 1 month at least. "Let me know in the comments section if you have any doubts."
Tata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is...
Keeping Stoploss to 100 closing basis
Might be a big jump and should wait for further confirmations. If it can not cross then it may fall heavily ever seen
the stock has nearly same structure as DLF of about 10 year consolidation although it did went above 90 2 times after 2010 unlike dlf. if it sustains above 90 with good volumes it can do wonders
LONG at current levels TRG 100/- 6 months CUP size 36/- Therefore TRG = current price(63)+cup size(36)= 100/- Perfect Bookish Handle at 33% levels
. . . DM for any Enquires
Please follow the levels marked in the chart which is based on following observations : 1. Triangle pattern in a 2H chart. 2. RSI declining divergence on a Daily chart 3. Declining volume or buyers. Initiate sell position only on down break-down with a good 7% move. Check for a retest on a 30Min or 1 Hour chart as well! Aggressive traders can short now as I...
thats how i traded TATA POWER. . . DM for your Enquiries
RSI bullish divergence forming and also RSI at oversold level and price at Monthly Breakout Level which is 75. Expecting Bullish Turn tomorrow.
Tata Power made a correction and took support in 23.60 retracement level, high possibilty of making a bullish move from here.
The stock is in a downtrend for a long time, from match it is taking the support of 200MA and moving up in the daily timeframe, and is about to break out in the Monthly charts as well expecting a bullish move soon