Oustanding deliveries in cash on weekly charts!NOT A RECOMMENDATION BUT worth a watch! IFF 33.9 is held after crossed!
TATAPOWER trade ideas
TATAPOWERTATAPOWER
> Bullish Doji with high volume indicate huge buying
- Stock still slip to 20 but there is high possibility of reversal
> Need to wait for validation by price action in bullish direction
Tata power Tata power is looking good with volume generation in last candle and divergence in Rsi in small time frame , can see an upside of 40-45 , sl 28
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.
Powering ahead and saying "tata" ,,bye bye ..or rather buy buyPREMPTIVE====entry stop and exit giiven..
my advise keep the stop a notch behind round figures ,,not 32 but 31.9
TATAPOWER ReversalPretty self-explanatory chart. Price at a historic support level from the early 2000s.
TATA POWER POTENTIAL BEARISH GARTLEY SELL OPPORTUNITYTATA POWER HAS RECENTLY BROKEN IMPORTANT LEVEL OF INR 50 (ALSO PSYCHOLOGICAL PRICE LEVEL). WHICH SUGGESTS THAT STOCK IS MORE LIKELY TO GO DOWN EVEN MORE.
CHART IS FORMING POTENTIAL BEARISH GARTLEY OH H-1 CHART, WHICH WILL CONFIRM OUR BEARISH BIAS ON STOCK.
BEARISH GARTLEY
SELL ENTRY: INR 43.25
STOP LOSS: INR 47.35
TARGET-1: INR 39.65
TARGET-2: INR: 37.45
TATA POWER DESCENDING TRIANGLE TATA POWER STOCK HAS BEEN TRADING INTO DESCENDING TRIANGLE RANGE ON DAILY CHART SINCE JULY-2019. WHICH SUGGESTS THAT STOCK WILL BREAK OUT ON THE DOWN SIDE UNDER SUPPORT LINE INR 50.35 (PSYCHOLOGICAL MARK OF INR 50 MARK).
parallel supportthough volumes are not so good..its taken support stop is candle closing bewlo 50 tgt 62
Tata Power Long- PositionalThe stock is in uptrend on the daily charts. On 15 min charts, there is a bullish hammer. Buy will be initiated on the 15 mins charts on break of the high of last candle.
Sl at Rs. 60/-
TATA POWERTravelling in a Channel in monthly time Frame, presently it is in correction and next target level is 80.
SHORT Tata Power(Intr@day)Supply zone is around 60.50.Short idea is made for Intraday on Monday, with SL of 61.10with TG 57.50
TatapowerTatapower can move toward 86-88 level in next 10-20 days according to current chart pattern.
