TATA POWER MAYBE OR MAYBE NOTThis TATA POWER's setup is just for fun ...support and resistance is marked properly i hope it helps everyone plz comment if you think I forget something in the chart it will appreciable
TATAPOWER trade ideas
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TATA POWER - DAY CHART - 31.01.2023- BAHAVAN CAPITALTATA POWER as per day chart analysis
Stock ABOVE 215 TARGET 218
Happy Profitable Trading to All...
Watchout for trendline breakoutThe stock has taken support again from lower levels and now testing it's 10 months old trendline.
Buy above 215.5 level (on dau closing basis) for positional targets of 223 and 229.
Learn & Earn,
Dr. Tanya Kumar
tatapower daily chart 30th Jan 2023Swing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
tata power big intraday move todaytata power big intraday move today tata power big intraday move today
TATA POWER in one hour time frame tata power formed symmetrical. ready for breakout waiting for confirmation with 203sl with 215target.
Why not name this as a Lotus or a rose patternThe basic pattern behind this trade is the head and shoulder pattern but if we look the chart with a different point of view it's similar to the lotus temple build in New Delhi whose design is inspired from a lotus flower. It's not exact but its really symmetrical but right petal is of missing some where
just let me know how many can relate to it.
Tata Power Breakout soon!!!Tata power can show levels of ₹229/249 in coming days if it gives breakout at ₹216
Tata Power Swing TradeTata power has confirmed rising triangle pattern and has broken the resistance of
210 . So there could be a up move of 14 points in up coming market.
Note:- This is just for educational
purposes only.
TATA POWER TRADE IDEA (LONG).If it retest 202-204 level i will go long.
My target will will be around 230 and sl will be 194.
Not a financial advice. DYOR.
Tatapower - in verge of a DOWNMOVE??!!!Chart patterns suggesting the above titled opinion.
Reasons:
1. Weekly timeframe H&S pattern .
2. Perfect Triangular pattern awaiting a breakdown(probability more)
3. Fib 0.236 resistance respected and nearby POC (volume profile)
4. Entry only after breakdown in Daily time frame with volume.
5. Saviour SL - high of breakdown candle(safer)
6. 1st Target- 210 , 2nd target- 194(next fib support)
There may be one more swing inside the triangular pattern .....so its better to wait for the market's decision.
Every chart teaching us something special.....Let's wait and watch for this lesson!!!
Note: just sharing my view....not a tip nor advice!!!
TATA POWER : HEAD & SHOULDER PATTERNTATA POWER shaped up in HEAD & SHOULDER pattern & price closes below the NECKLINE.
Bearish movement may remain intact.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
Happy Trading(:)
TATA POWERTATA POWER
In a important support zone
Need to wait and see how it reacts in the zone.
Keep an eye
from EWP it is evident in bearish trend wave c is unfolding.from EWP it is evident in bearish trend wave c is unfolding. With in wave c smaller wave 1 and wave 2 are completed now wave 3 is unfolding , in medium term with momentum could drop price towards 210 then 185 levels ,
Also Upper boundary line of parallel channel is testing if it fails to break above the upper boundary channel it is bearish in trend if not this analysis is invalid.
SHORT between range 250-260. Target and Reasons belowTechnically @tatapower is showing many bearish signals at a higher timeframe. There are significant confluences in the range of 250-260. Reasons I would look for a short:
1- Looks like a class book pattern -Wycoff Distribution pattern(Currently in phase B later half end, so we maybe we see 250-260 first)
2- It is in the 5th wave according to Elliot wave theory when the complete chart is observed. (Usually followed by elongated periods of sideways or a good correction.)
3-Also looks like a classic head and shoulder pattern wherein the right shoulder could be forming here, so a move to the 250-260 region.
My target for the short is 130-160 . Also, a move to 80 could be seen, depending on price action and market demand at those regions.
A good stop loss would be above 301 , but also 281 could serve the same depending on price action at 250-260.
Will follow up with updates on this.
TATA Power at a crucial support zone.TATA Power has been consolidating for more than a year now and has touched this crucial support zone and bounced back several times. Again it is near support level and one can look for reversal trade once it shows some signs of reversal.
tatapower may will take good support and will give 1:16 R:rNSE:TATAPOWER TATAPOWER is formation of traingle. mayready to breakout coming days. 1:16 risk reward will give.
SWING TRADING IDEA ( TATA POWER )NSE:TATAPOWER
CMP : 225
TARGET 1 : 251
TARGET 2 : 271
STOPLOSS : 218
After bearish trendline breakout price is consolidating in zone, perfect entry will be at 229 to 232.
Note : This is not a buy or sell call, this analysis for educational purpose.
Tata Power Bearish possibility Tata Power might fall till 159 which was high in dec 2007 which might now act as strong support.. if it breaks 159 then it migh touch 143 in coming days, can try to sell near 224-225 sl 228
Findings:
In weekly it might make H&S and make A=C, with rsi divergence
In daily time frame, in last leg it has rejected at 0.5% Fib level and also rejection from upper trend line and broke the lower trendline aswell
It might reset the trendline and continue down side..
This d just my view please make your own analysis and trade safe..
UP AND DOWN BOTH POTENTIAL HEREKeep eyes on it it will going to move Good
Keep eyes on trend line breakout
And moving average of 200
Tata power gaining "liquidity".Tata power gave break up but it gaining some energy to go up upto resistance.
Just keep an eye 👁️
It's not call , only for educational purpose.
TATA Power #TATAPOWER #breakout #monthlybreakout#TATA power in consolidation phase
13 months of consolidation entry should be around 220-210 SL 191 (recent low)
long for monthly breakout target of 300, 600 and 1000
discloser i am not a SEBI registered analyst, this chart analysis is for education and purpose only.
please trade at your own risk.
Disc- not invested.
