TATAPOWER trade ideas
TATAPOWER: TATA'S POWER PUNCH Technical View:
chart pattern: cup and handle breakout: Bullish
MACD is Above signal and center: Bullish
RSI is above 60: Bullish
ADX is Above 20: Bullish
Buy @Cmp for 130+ levels, horizon:4W, Sl:108.
TATA POWER: SLEEPING GIANT AWAKEND !!!Hold/Buy tata power at cmp for 150+ levels. Horizon: 21 days. All oscillators are positive.
TATA POWER IDEASOnly Education of my self, suggest me if i have done mistakes in understanding price action.
Lightning stroke by TATA Power!!!It took 7 years to break the 112-115 level and gave closing above it we have to wait whether it hold-up the level or not previously it tried to close above this but failed to do so.
But after a successful attempt of the closing underline trend for the stock remains positive.
Volume is electrifying.
The first attempt would be 140 n then 200
Copied Disclaimer from my broie Kuldeep Soni:
This idea is presented just for educational purposes only. You will be solely responsible for your own money & the decisions you take.
Breakout after around 9 yearsTata Power is giving a breakout after 9 years. The volumes are good in comparison to previous time when this price was reached. We can buy it here with SL of Rs105. It might have a huge potential to price appreciation.
Swing Opportunity in Tata PowerGo Long above 115.1 for Targets of 121.9, 128.7, and 135.5 with SL 108.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
🔥 My Analysis review | Perfectly moving ✈ | Tata Power 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰Told this to keep on the watchlist some days ago :) 🔥
🔰targets are 130 NOW, whoever took it on supports and made their good positions there, trail and hold tightly ;) 🔥
🔰Any doubts? plz comment
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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#TATAPOWER FORMED INVERSE HEAD AND SHOULDERnice pattern and my view for it is upmove and trade accordingly
Thanks
tata power just crossed its resistance level and if it opens above the line tomorrow we can expect good move in the stock
TATA Power – Range Breakout above 108 else Sideways to BearishTechnically Stock had crossed Bearish Trend line around 78 on monthly Chart after same we saw huge Upside within 2 months time frame.
Next Trend line is around 108 if crossed more Upside can be seen. Else Stock can go Sideways to Bearish
Buy above 108 only for Target of 141
Fundamentally Co has 44k Crs Debt vs 21k Crs Reserves.
Annually they are paying 4.2k Crs Intrest and have just 1.1k Crs worth of Net Profit.
It will take 44 years to Pay back there Debt.
If for any reason there Top Line reduces even by small % like 10% then Co is in Deep Trouble.
Hence use this Script for Short term trading only.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
TATAPOWERTATA POWER : POSITIONAL THOUGH NOT PERFECT ,LOOKS GOOD CUP AND HANDLE BREAKOUT LONG ABOVE 115.35 WITH STOP LOSS 110 , ALSO SUPPORTED BY GOOD VOLUME .
