TATAPOWER trade ideas
First attempt ⚠ NOT AN INVESTMENT ADVICE ⚠
Learning chart patterns, please let me know if I made any mistakes. A double bottom pattern + triangle pattern break with good volumes.
Entry - 133
Target - 148
Stop-loss - 126
TATA POWER head and shoulderTATA POWER is making a good inverse head and shoulder pattern. It also has given a good closing in 15 min timeframe. So if it continues can give a good intraday target.
Comment down your thoughts.
Tata Power - Breakout patternTata power has shown a breakout pattern in the above chart. Retracing back to breakout level at 127/128. Long position can be initiated at that level.
The above chart is for information purpose only. Consult with your advisor before taking and position.
Tata power Good short candidateTata power spot cmp 135
Bearish butterfly pattern formation
bearish divergence in RSI and MACD,,
Trend reversal possible
Good short candidate
Multi Year Breakout - Retesting DoneTata Power Co. is involved in the business activities of Electric power generation, transmission and distribution.
It has already broke out of Multi Year Resistance with Lifetime High Volume. The Stock made high of 115 after breakout and retraced back to retest its breakout. It is now comfortably placed above its resistance levels and ready for new highs.
Accumulate with SL at 90 for Targets of 115-140-160 respectively.
Tata Power for long termStock is in uptrend forming HH & HL & prices took support along trendline and broken long term resistance (111 to 118) which now acting as Support Zone.
This Stock has all the potential to give multifold returns if held with patience.
Tata Power - Aug 140 CEOptions trading strategy for Tata Power 26th Aug Expiry at Strike price 140 CE.
Ready to move after good result and great chart setup. BO above all the working zone done. Retesting is also completed. Waiting to move now.
Stock of the WeekThis is my third recommendation to Buy Tata Power for the purpose of Investment . Today it has given breakout of weekly chart. CMP is 135.3. Buy for a short term target of 145 and 165. SL @ 123 weekly closing basis.
View - Medium term.
Time - 2 Months.
* My target for this stock is 300 if you are able to hold it for 2 years. Keep SL of 117 weekly basis and hold.
Tata Power is forming a triangular patternTata Power is forming a triangular pattern, with a stop loss of 123.50, one can take positions
Charts of the Day: $ICICIBANK $Havells $TataSteel $TataPower $LTCharts of the Day: The stocks discussed in this video are $ICICIBANK $Havells $TataSteel $TataPower $LT
All Disclaimers apply
Tata Power swingTata Power swing position.
Potential breakout out of the supply line.
stoplosses around 117 ; TP - 131; RR - 1.47;
If tata power breaks this zone today then expect a big move.Get ready for the rocket launch just need to observe that resistance zone….
