Rising wedge pattern breakdown in TATAPOWERDiscription:
Stock Name: TATAPOWER
Chart Pattern: Rising wedge pattern
Time Frame: 1D
Entry : Breakdown below -230
Targets: Breakdown Targets -196
TATAPOWER trade ideas
Tata Power -- Very good RR Long trade Good breakout of symmetrical triangle above 230 for targets 300 and on..
Sl would be 228 in this case.
TATAPOWER ASCENDING TRIANGLE PATTERNTatapower formed ascending triangle pattern. targets & stoploss given.
TATA POWER - DAILY CHART - 17.08.2022 - BAHAVAN CAPITALTATA POWER as per Daily chart Analysis.
Today ADANI POWER, IEX and TATA POWER has shown good momentum and among these ADANI POWER had no seller after 1.30pm.
There should be a Good momentum for these power sectors for tomorrow.
TATA Power Above 238 and Target 245 / 250 / 258 / 268
Happy Profitable Trading to All...
#Tatapower cash : H&S breakout above 237.50#Tatapower cash (Posiitonal call)
16.08.2022
Buy above 237.50 and dips 230-232
Stoploss 220
Target 258-260/290-300
Cmp 236
Bullish view on : TATA POWER CNSE:TATAPOWER
Let see the price action = inverted head and shoulders pattern formed .
i am bullish view in this stock.
buy above =238
stop loss =227
1 target =257
2 target =280
fix your stop loss as per yuor R:R
TATAPOWER Chandresh_TInverse head and shoulders pattern indicates the end of bearish phase and onset of an uptrend. Traders enter a long position when the up breaks through the resistance line. They would look for a rise in volume to confirm the trend change.
Stop loss 223
Target 260 - 290
#TataPower #H&S #Bullish#Tata Power 1D: Price action supporting swing trade. Buy between 225 - 220. SL 215 Tgt 260. - 270.
Tata power I see IHNS pattern on daily chart.
Above 240 DCB it can do 280-300 soon.
Also there is a gap upside that needs to be filled.
So keep an eye for perfect entry.
😇
Views personal.
I Can go wrong.
Not a trading recommendation.
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TATA POWER SwingALL THE INDICATORS AND ANALAYSIS SAYS THE PREDICITION THAT IT IS GOING TO GO UP NOW.
Take the risks according to you
TATA Power - CMP 236 buy for Target 270-290- 330-360-390-450-500TATA Power - CMP 236 buy for Target 270-290- 330-360-390-450-500+
Can buy 240 ce for 15 days holding purpose CMP 5 rs
2-3 years holding purpose
SL 212 below candle closing basis
POWER MODE ONTata power looks good on daily charts gives close on 50 and 100 day moving averages on daily chart after so many sessions one more positive thing is there is relative strength indicator breakout seen that was facing a big resistance too today crossed and closed above on that too.
CAUSE OF LONG-:
1- Closing above on 50 and 100 day moving averages
2- Breakout on Relative strength indicator
tata powerTATA POWER ....
1 - forming inverted h&s
2 - good volume
3 - price trading at 200 ma
4 - near 2 month consolidation Bo
5 - bullish rsi 60
TATAPOWER TGT 250TATApower taken support inside the channel. SL 215 TGT ST is 250 and lonf term is 440 is breakouts the channel in weekly time frame.
EMA 21 Buy abe 226
EMA 50 Buy abv 209
Tata Power Long TradeHi guys we will buy Tata Power because it has fallen quite a lot after the crash and has stabilised a little bit and if we look at the Us and
the India markets they are looking bullish so trident will also show signs of bullishness and it would be pretty good trade.
That's all make sure to follow and like
Bye
fetching the results of tatapowerThis is the view point according to the charts and status of the stocks.
before jumping on the word one must consult with their respective financial planner. thankyou.
Tata Power: Chart setup and trading strategy Tata Power
Observations
- the stock is close to Line of resistance
- 38.2% retracement comes at 231
Given the set up, one may consider to sell 230 Call option (sold at 3.7)
The strategy has approximately 7% yield potential on Margin required and covers risk for a rise in stock price up to 233.70
Please follow risk management measures
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 - inverted H&S pattern Tata power formed like a typical inverted H&S pattern
Keep this stock in your radar!
How to play potential level breakout (From my latest trade)Steps
1) Identify potential breakout zones , crucial supports , resistances ,trend line , Patters like (triangle , rectangle , consolidation )
TATA POWER
other examples
UJJIVAN
ADANIENT
BTCUSD
BANKNIFTY
2) Wait for breakout "do not enter just seeing the breakout " ,watch carefully the volumes , then wait for a price to retest the level.
Many times when the prices make a crucial level , big players tend to exhaust this opportunity and fools us by fake breakout you can see my UJJIVAN idea in the links below.
3) when in price retest and start moving up then enter above just high of recent up swing and keep sl at the low of latest down swing.
This three steps are most effective approach for playing out the breakouts.
TATA POWER - Short-term Swing callTATA POWER - Short-term Swing call
1. Double bottom formation.
2. If it moves upwards and opens and closes above 215 then the target will be 235.
3. It's a short-term trend, not for the long term.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
