TATAPOWER trade ideas
Tata Power - Vibrant BreakoutTata power in 1hr time frame had a good breakout and taking a retracement in the trendline, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
TATA POWER.TATA CHEMICAL IS FORMING FALLING WEDGE PATTERNAT 30 MIN TF.TRADE CAN BE TAKEN ABOVE 122.60.
TATAPOWER TRIANGLE PATTERNTATAPOWER form a triangle patten... wait for breakout .. if breakout happens we expect target 137 rs... all details mention in above chart.. above information is education purpose only... proper analysis and you should trade at your own risk.. happy investments..😎
DECENDING TRIANGLE PATTERNWhat is a Descending Triangle?
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
What Does a Descending Triangle Tell You?
Descending triangles are a very popular chart pattern among traders because it clearly shows that the demand for an asset, derivative or commodity is weakening. When the price breaks below the lower support, it is a clear indication that downside momentum is likely to continue or become even stronger. Descending triangles give technical traders the opportunity to make substantial profits over a brief period of time. Descending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns.
How to Trade a Descending Triangle
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The upper trend line resistance also serves as a stop-loss level for traders to limit their potential losses.
TATA POWER technical analysisStock is in uptrend
Wedge/Flag pattern breakout
Support at crucial 0.5 fibonacci levels
Tata power go Long On Breakout of Elliot Wave 5Tata Power has already started minor elliot wave 5 , which will take it to 136, by July2-5 and 142+ by July 12-13.The strong trendline zone is acting as very strong support.
Bullishness in Nifty can even lead to an extended wave 5, leading to targets upto 150+ in July itself.
Tata power.. Intraday and positional tradingStaying within the triangle.
Intraday traders- watch the levels...
Positional traders- watch for breakout...
Tata Power :: Swing Trading Setup :: Duration 2 WeeksAll the levels are mentioned on the chart
*This is a personal view and should not be considered as buy or sell suggestion or advice, trade/invest at your risk
Tata Power Ltd .. Expecting Breakout Tata Power Expecting Sharp Breakout Chance is very high to go around 112 around ....@cnbc_Awaaz , @livemint @@ReutersIndia
@safalniveshak @BMEquityDesk @@NeerajCNBC
Tatapower RSI negative divergenceTatapower trading in a flat range
But rsi suggesting negative divergence
⚡TATA POWER⚡ Ready for Blast 🔌 ?Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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BREAKOUT in TATAPOWER.Flag breakout or channel breakout can be seen in TATAPOWER, A good upside move is expected, make make positional at CMP or also can buy if you get it near around 99-100 level. 105 and 114.05 are the targets for the time duration of 3-4 weeks with a strict stop-loss of 96 (only on closing basis).
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS.
