Perfect time to enter Beautifull rally waiting to be captured
short term target of 10% and then pullback
TATAPOWER trade ideas
Tata Power Possible Breakout on Hourly Time frame!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!
Tata Power Tata power have consolidated for a whole month inside a triangle pattern. Looks like it can give a gud move above and also has a gud support on the trendline. Feel free to comment what you think.
TATAPOWER | TARGET AND LEVELS | Intraday/Positional Any Trade NSE:TATAPOWER
TARGET and LEVELS for TATAPOWER. This will work in both Intraday or positional trade.
Advise Trade with Stoploss.
Buy Tata PowerGo for Long position in Tata Power..
Showing good consolidation and a confluence of trend line and a triangle pattern.might be a wealth creator.
TATA POWER Symmetrical Triangle breakout is on the way Strong Resistance @ 129, Confirmation @ 132, First Target= 146
Symmetrical Triangle Pattern in TATAPOWER MUST WATCH Learning Triangle Pattern educational Purpose, An IDEA CAN LIGHT your BRAIN Tublelight
The triangle chart pattern is formed by drawing two converging trend lines as price temporarily moves in a sideways direction. Traders often look for a subsequent breakout, in the direction of the preceding trend, as a signal to enter a trade.
Learn Difference between Symmetrical Triangle Pattern and Other Triangle Pattern:
The difference between the symmetrical and the other triangle patterns is that the symmetrical triangle is a neutral pattern and does not advice in any direction. While the triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend.
Symmetrical triangle trading strategy
Triangles provide an effective measuring technique for trading the breakout, and this technique can be adapted and applied to the other variations as well.
Its important to note that finding the perfect symmetrical triangle is extremely rare and that traders should not be too hasty to invalidate imperfect patterns. Traders ought to understand that triangle analysis is less about finding the perfect pattern and more about understanding what the market is communicating, through price action.
TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER
Always be remember of the direction of the trend prior to the consolidation period.
Make use of upper and lower trendlines to help to identify which triangle pattern is being formed.
Use the measuring technique to decide achievable target levels
Stick to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades.
mcpriceaction
# 91 TOOFAN READY TO RAGE#91(GENIE IDEAS): HOLD WITH PATIENCE. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
Its my idea plz comment its correct or wrong Bcz I am new .I have seen trade line, simple moving average of 44 and adding levels.
TATA POWERLet me know your views on this!!
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
