TATAPOWER
Cup and handle pattern, will it break 246-250 jinx?Tara power forming cup and handle pattern with resistance around 245-250 and if it break then it can till 295 as short term target.
Let's watch for 3-4 weeks for resistance testing.
Note: this is just educational purpose and not for recommendations at all.
Sell Tata PowerStars seem to have aligned in favour of the sellers.
The daily chart shows:
Head -and-shoulders pattern in progress. The right shoulder's descend about to start with neckline positioned at Rs. 185.
The MACD is crossing bearish
The monthly chart shows:
A bear cross between 5- and 10-month MAs. The stock recently failed to keep gains above both averages, validating the bear cross.
Sell Tata power between 220-225 target 185 stops above 245
BUY signal for TATA POWER stock hey guys,
TATA POWER stock is in a consolidation zone for a long period of time,
this stock has tried to cross this consolidation zone
but this was a failure
and it resulted to bull trap for traders ,
but now this stock is at its lowest point of this consolidation zone
and you can see a great green candle,
further also , this stock has made a tweezers canndles
so therefore guys you can buy this stock and earn upto 25% return in an average of 43 days
TATA POWER stock can be bearish also
but there are LESS CHANCES of a BEARISH BEHAVIOUR,
because this is a quality stock and fundamentals of this stock are good
so there are plenty of reasons to buy this stock
BUT FIRST CONSIDER THE GLOBAL SITUATION I.E.
INFLATION
WAR BETWEEN UKRAINE AND RUSSIA
RISING BANK RATES
AND EXPORT DUTIES INCREASED ON OIL AND GAS
AFTER CONSIDERING THESE SITUATION YOU CAN BUY THIS STOCK
and pls guys , if you liked my analysis comment , like and follow my account
😀😀
Tata Power at 170 SoonAs we have watched the energy growing up more. Now it's time to loose some because energy sector got their wings much like an eagle. It's a time to go down and catch up the legs in the muds. Tata Power CMP is 204, i started looking it when it was 240. So watched it up with some popcorn and have some patience for 170 level on the ground.
Thank You For the reading.
Tata Power Breakout As you tata power make a inverted head and soulder pattern in lower time frame (15M). In 1hr time frame it is also V shape recovery.
This trade is for monday for day trading as well as swing if the structure is break.
Confermations (Buy if )
1) 200 EMA in 15M
2)break the stucture and marked resistance
3) Trend line break
And the target is Around 235
(Always do your own analysis)
#eveready #exideind #amarajabat #nippobatry #adanigreen #nhpc #I#EVEREADY
NSE:EVEREADY
NSE:EVEREADY
EVEREADY
CMP 317
ENTRY 301
TARGET 390
SL 272
RR 3
TF < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
TATA POWER Trend AnalysisMassive fall ahead!
Weekly RSI shows strong bearish divergence which conveys that the breakout was a fake out to form a bull trap.
Most of the TATA's & Adani's stocks rallied too far because of the Green Energy & EV hype.
Being highly overvalued, needs a big correction.
Its fundamentals are concerning.
Not much fuel left for NIFTY ENERGY to move upside, expecting the peak to be around 32000 level.
FIIs & DIIs are reducing their holdings.
I have highlighted the key support levels for short term swing trade opportunities around 175 & 110 levels.
Expecting the bottom to be somewhere around 70-80 levels where the red trendline resistance may act as support.
This much for now, will update more in future as chart unfolds.
Do your own due diligence before taking any action.
Peace!!