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
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
Tata power, daily macd indicator has given positive crossover and that also above zero line, it looks like the stock has started wave (5) of 3. as of wave (5) unfolds, the stock can possibly rise higher to 140, 146, 151, 160, and 171 levels. one can go long at these levels or in dips (if any opportunity) price can dip towards green box buying zones mentioned on...
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!