TATAPOWER trade ideas
Breakout from channelKeep it simple...Tata Power breakout happened some time ago from a channel pattern..This trade is meant for a longer period or you can do a positional trade. According to Investopedia Channels are powerful, yet OFTEN OVERLOOKED patterns, which have not been given their due importance. But you can earn reasonable profit if you draw the right pattern and trade. ( this is only for educational purpose)
CMP - 108.6
Targets - 135,145.
Calculate your own risk/reward. Do your own research. This is an idea, not advice.
Technical analysis on TATA POWERtata power is trading in uptrend on 4h timeframe with trend line, an counter trandline mforming symmetrical tringle on charts which suggest strong buying opportunity @100-102 levels for the targets of 106-107 and final targets of 114. Alternative short opportunity is break on downside of T1 trendline. Targetsn for short trade are 91 and 87.
TATA POWERTATA POWER is forming tringle pattern and it has big target also buy and sit relax for 130 target coz tringle height is the target so it comes 130rs enjoy the ride.
TATAPOWER is it ready to go upTATAPOWER: seems like it is completing Elliott wave symmetrical triangle and price pushed to apex. Is it ready to go up?
TATAPOWER LONGENTRY ABOVE 106
Sl -103
DISCLAIMER :These recommendations and reports are based on the theory of technical analysis and personal observations and are for educational purpose. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment.
Tata Power ready to fire. Only resistance is around 113 area on weekly closing basis. Once above that, should blast.
Long on Tata PowerTechnicals :
(Weekly)
1) Multi year Parallel channel Breakout & Retest
2) Volume buildup
(Daily)
1) Rounded Bottom pattern
2) Volume Spike
Target 1 - 123
Target 2 - 145
TATA POWERRsi showing weakness. Inverted hammer like structure on weekly chart. Market trend is negative. Good shorting opportunity below trendline. Financially stable earning. Stock has recently given breakout from long time consolidation.
Trendline breakout. Good for longterm. Trend line breakout. Good for longterm holding. Possible Price movements are as shown in chart.
Breakout from Triangle patternBreakout from triangle pattern on hourly chart. Also wait for Retest
Wait for daily candle closing. should close above 101.
Entry - 102
Target - 110+
Disclaimer : This is shared only for educational purpose.
tata poweradd pos. Tata Power 95/85 we seen
105/115, if close and sustain above
117 then 130-140-165+ possible
view invalid below 75 cbsl
note: all views are education purpose only.
TATAPOWER Target 115-120
Stop Loss 90
Tatapower is a Fundamentally Strong Company, in an industry with huge upside in the future. Good for Swing and Long Term too
TATAPOWER : MULTI-YEAR BREAKOUTTATA POWER : MULTI-YEAR BREAKOUT AND RETEST DONE WITH HUGE VOLUME BUILD-UP
