Tata Power 4hr chart Flag and Pole Pattern 02 Dec 2021Tata Power 4hr chart forming a Flag and Pole Pattern. Watch out Breakout. 02 Dec 2021
TATAPOWER trade ideas
Williams Alligator 5-8-13 SMMA (Modified with EMA & SL)"Thanks to Williams Alligator"
5-8-13 Smoothed moving Average are
also known as williams Alligator
Jaw - Teeth & Lips of an Alligator
Applies Convergence- Divergence relationship
Jaw making slow turn & Lips making fast turn
i have taken EMA in place of SMMA, slight Modification
along with 2 SL Lines
in this 5-8-13 EMA Lines stretched apart means
Alligator eating with mouth wide open
means maintain Long/Short posn
as per Green Cutting above red & aqua or below it
in this particular case its saying maintain Short/Sell Posn
Green Going Above Red & Aqua
"Alligator Awakening"
Buy/Long Condition
Green Going Below Red & Aqua
"Alligator Sleeping"
Sell/Short Condition
You can Exit Buy/Long Posn when
- Green Line Cuts Red From Up to Down.
- or Candle Hits SL 1 or SL 2 (Risky Trader).
- and Vice versa to Exit Sell/Short Posn when Opposite conditions arise.
Use this on Smaller Time Frames 1/3/5 to get best results
Good For Intraday
I am not a SEBI Registered Analyst. Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
Hope this helps most people to take basic trade.
Happy Trading !
Tata Power IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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TATA POWER - What's Next?TATA POWER
Alert: Since it has just crossed the trend line to its all time high, Suggest to Enter only once it cross 178 level, as it might be a false signal, Hence enter only once it crosses 178 levels
Strong uptrend Daily & Weekly Charts
Long term Buying can enter at CMP - We would be able to see 190 - 200 Levels very soon
Happy trading
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Chart of the month. Tata Power (1/10/21)This is one of my favorite and i have been recommending this stock from 113 . This is my forth buy recommendation . This week, the stock has given a breakout on weekly and monthly charts after 14 years of consolidation . This long consolidation can give tremendous returns. 141.5 was the monthly all time high, whereas, 157.55 was weekly all time high. As per fibonachi, targets are 237, 368, 500 and 580. On weekly charts, the stock has given up flag breakout after trading in range for couple of months. This is a very good fundamental stock too so all the investors should consider this stock for their portfolio. Buy 50% @ CMP and rest 50% around 155 .
Targets - 237, 368, 500 and 580 Weekly and monthly.
Time - 1-2 years.
View - Medium to long term.
Tata Power Can Hit 200 till Dec 2021.Tata Power can hit 200 till December 2021.. I have mentioned all level and points in chart.
1 : right now entry is risky. Buy at 175 (short term)
2 : short entry is possible. refer chart
3 : if you have bought it below 158 then you can hold for long time.
News :
Power sector news are positive.
coal shortage can left up power sector.
Analysis :
1 : Big player are in market.
2 : Big bull pattern
3 : high volume
4 : positive news
Risk :
1 : Over bought Zone.
2 : Chances of trend reversal.
Only for educational purpose.
