Tata power on large timeframe is showing sign of heavy consolidation, some early signals are suggesting that it is rather a accumulation then distribution. Stocks is making Lower highs with slightly higher lows base formation on weekly timeframe.
Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout...
The stock price pulled back slightly after reaching an all-time high (ATH) of Rs. 444.
The decline in trading volume during the pullback suggests a potential reversal in price.
The stock appears to be forming a descending triangle pattern
The formation of a doji candlestick near the support level, combined with the 11-day EMA and the 0.236 Fibonacci retracement...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Tata Power is in Upward Trend since 18jan, making HH and HL.
Made Bullish Engulfing Pattern at 4hr time frame on 14mar, following 9EMA rule too.
Chances of going up in next week.
For my learning and digital records purpose only!
Tata power has good fundaments
good to buy in higher highs structure
target on monthly TIMEFRAME 441
stoploss is previous swing low
entry should be on pullback
best entry possible if stock gives correction till in 289 to 300 zone
Tata Power after good uptrend stock went into Acuumulation & Distribution after that it gave good breakeout any retest level for this stock can be good opportunity to trade this stock
TATAPOWER IS Always Golden Stocks for investers,As per flag pattern this stock Target is 425 in recent swing break 265 to small correction after boom 🔥🔥🔥
I have analyzed the Tata power in daily and weekly and found these green line will be target. I have used trend, Candles stick & waves. Trend is quite strong now.
Suggesting Tata Motors as All time high has been broken after retesting once, Fundamentally the stock has been performing well and The whole Tata Group is gonna take a boost.
Tata Power is consolidating in a narrow channel from last 18 months and break above 250 levels could trigger a sharp rally towards 450 levels in a matter of 1 year from breakout date.
tatapower I think long run is over stock feeling tired stock many time bounce on trendline 362 is more important level for stock if hold 362 I will stay if break 362 on strong daily candle stock should be bearish for short term
simple price action no indicator if you need to view on any stock comment stock name and buying price holding period
NOTE: only for...
