TATAPOWER
Tata Power looks goods for investmentTata Power looks good for investment... Trend line breakout + cup and handle breakout.. keep sl as per ur setup.
TATAPOWER - Bullish H&S Pattern - Swing tradeThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
tatapower giving breakout from head and sholder patterntatapower giving breakout from head and sholder pattern
Tatapower with a Bullish Chart - Inverted Head and ShoulderHi Friends,
TATAPOWER is making a nice Inverted Head and Shoulder in a Weekly Time Frame. And also, it looks like a Cup and Handle.
It is good to go long once it breaks the Rs .64 level and possible upside till 94-100. I hope you benefit from the chart published here.
- MetaVish
NSE:TATAPOWER
Breakout in TATAPOWER (Weekly Time Frame)This analysis is for short-term swing trading opportunities (ranging from few days to few weeks). The analysis is purely based on price action on weekly time-frame.
As can be seen in the image, the trend-line has been acting as good resistance till it was broken on 10th August 2020 with increased volume . The stock touched its life-time bottom and then from there, it started an up-trend (higher-highs and higher-lows). As this uptrend continued, large increase in volume can be seen on charts (stock never saw such huge volumes in its lifetime).
After the breakout with volume confirmation, the price went up little and came down to retest that support level (same trend-line). As can be seen from the charts, price has got good upward rejection from that support. Also, if we use Fib-Retracement tool, we find that the support level is at 0.382 level which shows strength in on-going uptrend.
Trade strategy can be - to enter on the high of next green candle (entry can be made on daily time-frame as well on the high of previous-day candle). SL can be taken below 0.382 level = 49 or preferably below 48-47.5 level.
For Targets, there are two options - Either take previous swing highs as targets (marked with horizontal rays in red colour). Or target can be deduced with help of Trend-based Fib Extension tool (as shown in image). Target-1 as per that tool will be 72, Target-2 = 78 and Target-3 = 83 level.
Breakout in TATAPOWERThis analysis is for short-term swing trading opportunities (ranging from few days to few weeks). The analysis is purely based on price action on weekly time-frame.
As can be seen in the image, the trend-line has been acting as good resistance till it was broken on 10th August 2020 with increased volume. The stock touched its life-time bottom and then from there, it started an up-trend (higher-highs and higher-lows). As this uptrend continued, large increase in volume can be seen on charts (stock never saw such huge volumes in its lifetime).
After the breakout with volume confirmation, the price went up little and came down to retest that support level (same trend-line). As can be seen from the charts, price has got good upward rejection from that support. Also, if we use Fib-Retracement tool, we find that the support level is at 0.382 level which shows strength in on-going uptrend.
Trade strategy can be - to enter on the high of next green candle (entry can be made on daily time-frame as well on the high of previous-day candle). SL can be taken below 0.382 level = 49 or preferably below 48-47.5 level.
For Targets, there are two options - Either take previous swing highs as targets (marked with horizontal rays in red colour). Or target can be deduced with help of Trend-based Fib Extension tool (as shown in image). Target-1 as per that tool will be 72, Target-2 = 78 and Target-3 = 83 level.
TATA POWERAfter breakout nearest target is 61. Reversal after taking support at 54 is done. Hold with medium term target 72.
TATA POWER - Supply Zone - Longs ExitNSE:TATAPOWER is struggling near supply zone. One may book long positions here.
tata motors can be bullish tomorrowpositive news Plus bullish triangle pattern shows that we can work on long side
TATA POWER - Levels of referenceNSE:TATAPOWER it is not good to chase at this level. wait for pull back to add lings
TATA POWER | Long it or REGRET!
TATA POWER Formed a bullish butterfly pattern on the Weekly as you can see in the chart!
[*} Easy trade till the 0.382 retracement. Beyond that its your risk. Sell in the red box!
The MACD is also turning bullish with a crossover. Easy 25% Targets!
If you like my charts please leave a like below, so that i get encouraged to post more. Thank you :)
TATAPOWER 13 May 2020
INSTRUMENT: TATAPOWER
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
4 HOUR & DAY.
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish
SUGGESTED TREND: Bullish
Technical levels
CMP: 30.30
Buy Above: 30.63
SL: 30.42
TARGET 01: 31.19
TARGET 02: 31.42
My analysis of TATAPOWER is expected to sink in opening and then “may” rise. On 4 hour & day time frame, Stochastic & PSAR have confirmed Bullish trend.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS the views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
TATAPOWER ReversalPretty self-explanatory chart. Price at a historic support level from the early 2000s.
TATA POWER INSIDE DESCENDING CHANNELmarket analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance.
Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we can see a very high bearish market ahead. So lets see what the market does in the coming days. Cheers!
say TATA to TATA for short!!Simple MACD study and negative news in TATA, mistry's confidential letter will be viral soon, which will talk about some debt...negative trigger!!
