TATAPOWER trade ideas
Watchlist !!!Post reaching a max of 159 levels in 2008, the stock has been in a downtrend.
First time in ~ 11 years, stock breached the resistance.
Volume expansion can be seen.
Can be bought post-closing of 115 (bullish candle + volume) for the target of 131.
Note: Educational purpose.
TATA POWER: ON THE VERGE OF A GOLDEN CROSSTata Power is on the verge of forming a golden cross. A Golden Cross is a basic technical indicator that occurs in the market when a short term moving average (50-day) of an asset rises above a long-term moving average (200-day). When i see a Golden Cross occur, i view the chart pattern as indicative of a strong bull run.
Stock is near 52W high with significant volumes and RSI is also indicating price strength.
Target: 150
Horizon: 12W
Tata Power Chart AnalysisTata Power
cmp 108
Buy above 100
SL 89
Target 114 -130
Down trend channel breakout
MACD in +ve
RSI 65 ( rising)
Tata power elliot waveElliot wave theory has been followed in tata power if tata power goes above the previous ATH then we can expect a new wave formation.
TATA POWER - 9YR BREAKOUTMoving along with sector.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
TATAPOWER 10-05-2021 ....next target !!Beautiful breakout with huge volumes in TATAPOWER , ofcourse after TATASTEEL which is stealing the show on NSE.....
hopefully to see TATAPOWER crossing .618 FIB Level.
SHORT TERM TARGET 130!!!
Tata Power NSE:TATAPOWER
s3.tradingview.com
Tata power weekly chart. Stock has found support at major trendline as highlighted
Tata Power Ltd Ready to take off ?Analysis mentioned on the chart.
initial entry with 1:1 Risk reward
For learning purpose
Golden opportunity in Tata PowerBUY TATA POWER WITH A TARGET PRICE OF 150 FOR SHORT TERM, COMPANY WITH UPCOMING RESULTS (MAJOR DEBT REDUCTION), MACD IS ABOVE SIGNAL AND CENTER, WHICH IS A BULLISH INDICATION.
TATAPOWER INTRADAY LEVEL TATAPOWER LOOKING GOOD ABOVE ₹101 FOR INTRADAY , CAN GRAB THE OPPORTUNITY AFTER THE BREAKOUT , ALSO GOOD STOCK FOR INVESTMENT
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Tata Power Golden Crossover50 DMA crossing 200 DMA in Tata Power this week. "Golden Crossover"
Only for Educational Purpose.
