TATAPOWER trade ideas
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
TATA POWER (POSITIONAL)1) TRENDLINE BREAKOUT
2) CAN GO LONG AT THE CMP
3)TARGETS WILL BE 116, 130, & 140
Ready for a Big breakout?A great swing pick. Seeing a good upside after a long days of consolidation in Tata Power, also a fundamentally strong company . You can enter into the trade with a target of 119 and 101.70 as a stoploss.
Tata Power Key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
TATAPOWER still has energy to rise up!?TATAPOWER . Seems like it has energy to go u! watch out price at 124!
Look for channel breakoutTata Power Breaking and closing above 85 on monthly basis expecting target 105+ in coming days.
Lets see
Happy Investing!
