LONG opportunity in tata powerTATA POWER is now in a triangle pattern which is more likely to give a breakout.
TATAPOWER trade ideas
Buy tat Powertata power has made a rounding bottom pattern and has given a good correction after huge breakout. buy for all-time high target.
Buy at 225 SL 218 TGT 232Suggestions are based on my analysis only. Please do your analysis before taking any trade.
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.......
Tata powerIn weaker territory
but holding out strong....
for trading buy only above 238 close...
For investment..... buying near 170 looks lucrative....
TATA POWERTheir is a cup and handle kind of a pattern in TATA POWER and the share is above the demand zone. The stock can be bought at the current levels with a target of around 267 with a stoploss of 233.
The Risk to Reward ratio is about 1:4.48
[3BB] Tata Power Mean Reversion BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Buy TATAPOWER Above 265 Positive On TATAPOWER Fresh Buying Opportunity Happen Above Levels of 265 possible target is 395 with the risk reward ratio of 1:2 keep maintaining trailing stoploss initial stoploss is 200 , NSE:TATAPOWER
TATA POWER is ready for a powerful RallyTata Power is now testing the Flag & pole pattern and if it manages to breach the triangle , we can enter at 240 levels with 225 as SL for a positional target of almost 150 points.
As currently Bears are pushing the market on downside, its better to enter once we get clear breakout signal at 240.
Kindly share your valuable feedback.
Disclaimer: Please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.
Go long Overall its in uptrend, correction is expected after sharp rise.
Forming pole and flag pattern.
Expecting to touch 50 EMA.
Go for long once it makes breakout at pole and flag pattern.
Tata power analysisTata power analysis is looking for short side trade below 227 closing on hourly candle
TATA POWER Daily Chart Analysis 26.11.2021TATA POWER if it breaks the support line then it might fall upto 200 level which was the previous consolidation zone support level. However one can see a fresh buying opportunity only after full correction completed.
TATA POWER IS GOING TO GIVE A BREAKOUT IN NEXT WEEKTata power is making a flag pattern and if it breaks the level of 252.20 the, it will give a big breakout in upcoming days.
This is the best time to enter into this stock wait for the green candle for the next week and buy TATAPOWER .
FYI: THIS IS JUST MY ANALYSIS, do your own research before investing in it.
Tata PowerTata Power
Corrected much...
Right now in no trend zone...
Utilise the levels marked on chart for decision making,...
Like... Share,,, Follow
TATA POWER Daily Chart Analysis 25.11.2021TATA POWER had moved up to its consolidation zone between 240 -250 level and from here break out the stock will move up 275 -300 level.Happy trading to all.
TATA POWER Daily Chart Analysis 23.11.2021Tata Power as per Daily Chart Analysis may breakout tomorrow and might trade between 240 - 250 level and may consolidate for a while as per its previous pattern analysis. Already Holding the stock. Happy Trading to All.
Tata Power may remain bearish Tata Power may remain bearish till 173 levels.
As per the trend, after a successful bull run, tata power may go into correction phase for sometimes and then it can resume its bull run back.
Disclaimer: I am not sebi registered and this chart should not be taken as recommendation of any kind. Pls take your financial advisor advice before investing.
Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]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 than yesterday.
Please refer below chart : 1 day Time Frame.
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Most of the levels and trade setup remains same.
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Power - Muhurat PickTata Power : Muhurat Pick
Flag Pennant Breakout (FP)
Falling Wedge Breakout (FW)
Possible resistance breakout (R)
Long above 240 with SL 230
Simple Trade Setup | TATAPOWER | 22-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On 1day time frame, it is trading above 21DMA and 21DMA is immediate support.
Breakdown of it will make it bearish.
21DMA is placed at 231.04 level.
So we can say that 230-232 level range is immmediate support zone.
Please refer below chart : 1 day Time Frame.
2) On 1day time frame, we can see it gave breakdown of the trendline with bearish candle.
If it bounce back and take resistance from this trendline then it will be confirmation of bearish trend.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 22-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
