TATAPOWER trade ideas
Simple Trade Setup | 02-08-2021 | TATAPOWERNSE: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.
TATAPOWER: perfect breakout. 7% up in 4 daysTATAPOWER today gave perfect breakout as expected. buying price was between 120-124.
TATAPOWER Long SetupTATAPOWER facing resistance at 128 and breakout can be expected above 128. Can go long at 128 with stop loss of 122 for the Target of 134 and 140
TATA POWER: Nearing Triangle breakout with good technical.NSE:TATAPOWER
The stock trend is bullish with little pullback due to global sell off on 19-20th July, 2021.
Technicals looking good with symmetrical triangles forming with low volumes- Good sign for breakout.
RSI is moving into a demand zone.
Targets: 132, 142
SL: 116
Maybe considered for short plays.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
BREAKOUT COMING IN TATA POWER Similar pattern formation can be seen in TATA POWER.
What a good move in previous breakout.
Do not let go this breakout from your hands, very good stock and a attractive pattern.
Best entry will be at the support level if you get there or if the breakout happens tomorrow wait for little retest and then take the entry with your own responsibility.
What are your ideas about this and your entry levels ??
Tata Power-Box PatternTata Power moving in a box pattern after breaking out. Once 131 is crossed with volumes, this can see significant upside. My targets will be close to 200-220.
Tata Power (FLAG AND POLE PATTERN)NSE:TATAPOWER
LET SEE THE PRICE ACTION = FLAG AND POLE PATTERN
1 TARGET=135
2 TARGET=140
IT IS MY OWN ANALYSIS. LET TELL YOUR OPINION ABOUT THIS STOCK.
Tata Power- Buying pattern for big moveTata power following some pattern before moving upward.
Its taking support of 50 Moving average.
Tata Power after entering to RSI red zone enter in RSI green zone from below(Entering RSI red zone must for big move)
Stock cross above or touch 50 days Moving Average then it move up price RS-30+.
All three condition must be satisfied for big move.
This observation can be used for other stocks also.
Sharing personal observation do investment after consulting your financial advisor.
Please like & comment to motivate.
Happy investing :)
TATAPOWER - Watchout for intraday and swingOn 1d timeframe the triangle is formed. Both side movement can be expected.. Trade only if it breakouts or breakdowns the trend line.
Disclaimer: Trade at your own analysis and risk. This is my own view, not a suggestion/recommendation.
Upcoming Trade set up One can Look for daily reversal and Go light on buy set up for Next move ,
Book once it hit the Proximity area of Forecast , One must keep the Trailing stop when it moves away from your buying price
Good luck
Tata Power Daily Time Frame AnalysisTata Power Daily Time Frame Analysis
*Just my views not investment advice*
TATAPOWERBearish Shark/-ve
PRZ = 136.05
Resistance = 127.90, 145.80, 159.20
Support = 116.60, 101.80
TATA POWER - BUYAccumulating for long
can be bought near 120 levels or 118 levels
stock remains bullish till it holds 117 levels
clear big move can be seen above 128
Tata Got Power! Here's Tata Power for Rs150 targetNSE:TATAPOWER is in final impulsive move, it can be extended looking at the buzz of Tata Power but at least it is going beyond Rs150 now now.
Hold up with tata power till results..Waiting for 6th April.. Tata power have got various deals with govt.
TATA POWER | REVERSAL | TECHNICAL ANALYSIS | SWING TRADETata Power showing a reversal in a downtrend in 1 H timeframe. Nice BUY opportunity!!
Buy around 123.5 to 124
Stop Loss around 122 to 122.5
Target 1 at 125.5
Target 2 at 127
Indicators used are Fibonacci Extension and Fib Time along with reversal signs in RSI in different timeframes.
Tata Power ShortAfter 5th impulse wave, this stock is going for ABC correction wave. Probable tgt: 108
This is my personal view, not a recommendation to trade.
Trade at your own risk.
TATAPOWER Symmetrical Triangle Formation
The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices breakout.
A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish.
On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish.
The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the center point.
A horizontal upper trendline is formed in ascending triangles that predict a higher breakout.
With a descending triangle, a horizontal lower trendline is formed that predicts a lower breakout.
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