TATAPOWER trade ideas
Tat Power Analysis Tata Power taking support on COVID trend line.
And continuing uptrend in upward channel. Near 210 looks like support.
If it sustaining 210 Level , Then we can see again all time high in next 6 to 8 months. Also We can trade weekly closing basis candle for the Intra day trading or the positional short term trading.
Follow for more such idea.
TATA POWER CO LTD Make inverted head and shoulder chart pattern in 4 hour time fram , 50 EMA cross 100 EMA from below that's bullish Sign , history saw strength MACD line also saw fair value so first Target will be 240.25 and stop loss will be 211.50
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
tata power break out donetata power break out done which was price of 110 112 which was heavy resistance now this stock has become multibagger target is 250 sec target 30 and inside you can take entry Take it but this is only for education purpose you will be responsible for both profit and loss my duty technical analysis is only for educational purpose
TATA POWER (10/4/2023)NSE:TATAPOWER
if it touches 197 and start falling
then sell at 170 level.retracement is mandatory
but more chance it will form w and will go up . normal market conditio is bullish now a days.All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
#TATAPOWER: Falling Wedge Formation with Possible Breakout TATAPOWER, a stock that has been forming a falling wedge pattern with potential breakout and reversal levels.
As you can see from the chart, #TATAPOWER has been forming a falling wedge pattern, with the price oscillating between two downward sloping trendlines. This can be a bullish signal, as the stock is trading in a contracting range and may be preparing for a breakout to the upside.
A breakout could occur if the stock closes above the 210 level, which would indicate a potential reversal in the short-term downtrend. It's important to keep in mind that a breakout is not guaranteed, but it's worth keeping #TATAPOWER on your watchlist to see how the stock performs in the coming days.
In terms of support levels, there are two key levels to watch: 188 and 177. If the stock breaks below these levels, it may indicate a continuation of the downtrend and could lead to further downside.
However, if the stock does break out above 210 and shows a strong close above 208, it may be a good opportunity to buy the stock. There are potential targets for the stock at 233, 250, and 270+.
In summary, #TATAPOWER has been forming a falling wedge pattern with potential breakout and reversal levels. It's important to monitor the stock closely and wait for a strong close above 208 before considering a buy.