Technically @tatapower is showing many bearish signals at a higher timeframe. There are significant confluences in the range of 250-260. Reasons I would look for a short:
1- Looks like a class book pattern -Wycoff Distribution pattern(Currently in phase B later half end, so we maybe we see 250-260 first)
2- It is in the 5th wave according to Elliot wave theory...
Tat Power:
On Weekly Chart:
1. Pin Bar at crucial 65EMA (Bullish Set-up)
2. Breaking in horizontal Channel having targets towards upper band of the channel
On Daily Chart:
1. Spent 5 days at around 233EMA (We can consider it as a base)
2. Wolfe Wave establishes if trades and closes above 214. It has a TGT of 255 (Around 20% upside). Please refer Pink Line
3.
NSE:TATAPOWER
Observations:
1) On 1hr time frame, we can see triangle pattern. And it closed below 244-245 crucial level.
Immediate support is at 240 level.
Please refer below chart : 1hr time frame.
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Trade Setup for 02-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
NSE:TATAPOWER
Observations:
1) On 1day time frame, it has formed kind of double bottom / W pattern.
Major breakout level is 235.
Please refer below chart : 1day Time Frame.
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Trade Setup for 24-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the...
Tata Power Company Ltd - 08.03.2022
The stock is trading @ 226 levels
The prices are above EMA
There is a SUPPORT Zone @ 202 levels
RSI is 58 in Weekly Chart
Let the prices go above 228
watch out for the price actions
NOTE: The stock is trading @ 226 in real-time
Tata Power Company Ltd is India`s largest private sector power utility with an installed generation capacity of over 2785 MW. The company has emerged as a pioneer in the Indian power sector, with a track record of performance, customer care and sustained growth. Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro,...
Hi guys, I hope you all are doing well.
Tatapower has given a breakout of the upper resistive trendline and all together a breakout of the symmetrical triangle pattern which also looks to be a part of a bigger flag & pennant pattern.
Buy above - 230
Targets are mentioned in the chart above
The best part is that cnxenergy has recently given a breakout after a...
NSE:TATAPOWER
I am posting this as one of the follower on twitter requested.
Observations:
1) On 1day time frame, it is now back above 21DMA.
Major support is at 220 level.
And if it sustain above 21DMA then we can see upmove to continue.
21DMA is placed at 231.42 level range. Which will work as immediate support.
Today's volume was slightly lower...
NSE:TATAPOWER
Observations:
1) On Daily time frame, it has been trading above 10DMA. 10DMA is placed at 231.89 level.
Immediate critical support range is 230-235 level range. Breakout level is 250 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at...
After touching high of 267, the price retraced to 201. After a tight consolidation we now seen an upward movement. Initial target is 268, after which the price can touch 297.
Around 297-300, I feel the momentum might slow down and extreme caution is to be exercised in case of new positions, since the stock has already given a substantial move. However, I am...
NSE:TATAPOWER
Observations:
1) On daily time frame, we can see it took support from 21DMA.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it is facing resistance from one trendline and keep on taking support from 200 level.
Major support level is 200 Level. Breakdown of 200 level will make it bearish.
Please...
today we have seen a little bullish trend in tata power as tata power made a higher high and high low pattern chart in todays market. many people booked heavy profits in todays market by this stock. but if you have this stock in your portfolio then you need to wait until end of this current trend because it will give you good profits without any tension. i hopw...
May be we can Short SELL Tata Power in Tomorrow's Market if it crosses the level of Rs.138.75
if it crosses Level of Rs.138.75
then the
1st Target Price :- 137.30
2nd Target Price:- 136.40
this is not a trading call
i am beginner trader just sharing my thoughts
if i am wrong in this Technical Analysis then please tell me whats wrong in this.......
Thank You in Advance
NSE:TATAPOWER
Simple Trade Setup for TATAPOWER.
If it breaks the orange trendline then up movement is expected. A strong buying could come if it breaks 128 level.
All the levels are mentioned on the chart.
My personal view is bullish on TATAPOWER.
Do comment if you have any doubt or suggestion.
Tata Power has been consolidating in a tight range on the 60 min chart as well as the daily chart. It has been consolidating in a symmetrical triangle range . Buyers are seeming to be strong , so it may show a good up move in the coming days. Track this stock closely!
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
![TATAPOWER: Simple Trade Setup | TATAPOWER | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/h/HfiG5ap4_mid.png "Simple Trade Setup | TATAPOWER | 02-05-2022 [INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 24-03-2022 [INTRADAY]](https://s3.tradingview.com/m/mV0E31pf_mid.png "Simple Trade Setup | TATAPOWER | 24-03-2022 [INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/jBCFU3jg_mid.png "Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/JajPaZbi_mid.png "Simple Trade Setup | TATAPOWER | 15-11-2021 [ INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/j9ZH7e5E_mid.png "Simple Trade Setup | TATAPOWER | 01-11-2021 [ INTRADAY]")
