tata power long tradetata power is going to take support on respected trendline for targets above 137
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Tata PowerTata Power has been beautifully respecting the trendline and it is expected that it will take a support here and we can go for a long position. Also with the EV and Green Energy coming up, this is a good stock for long term.
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.
TATA POWERTATA POWER has been rallying from the level of 80 and appears to be consolidating for a follow-up rally up to 100. The stock is being traded-in good quantity daily and there has seen significant additions in the segment as well.
Buy - ~88
T1 - 92+
T2 - 100+
SL - 87
Triggers -
Improved earnings reported in Q3.
It has been said that the business hasn't been drastically impacted by the COVID.
Emphasis is laid upon clean and green energy in Union Budget.
NOTE- Hourly time frame chart is being used here to clearly depict the target levels and support levels. The stock has been treating the level of 88-90 as a strong support zone. T1 and T2 are expected to be achieved in the coming 2 weeks.
Tata Power - LongTata Power CMP - 64.90
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 65 ONLY / Stop Loss - 62
Target 1 - 68
Target 2 - 70
Target 3 - 72 / 75
Short Term Targets - 75 - 90 / Stopl Loss 57
Disclaimer: This is my view and for educational purpose only.
Tata Power looks goods for investmentTata Power looks good for investment... Trend line breakout + cup and handle breakout.. keep sl as per ur setup.
Tata PowerTata Power CMP 61
Upside can show levels of 100 in coming days
Sl 45 on CLBS on Weekly Basis
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
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).
Tata Power - Good buy for long term..Tata Power completed cyscle degree wave 1 & 2...Chart shows nice 5 wave impulse and good long tripple zig zag correction...We can count this as wave 1 & 2 of the cycel degree 3 wave....Buy at all dips....and hold for long term....
