TATA Power Buy SetupIn weekly chart NSE:TATAPOWER has been given a breakout above level of 230.40 and closed above resistance level. In this situation buyer can wait for some price retracement up to level of 225 which could be best entry level to take buy entry with stop loss of 215 (-10 Points risk).
My expected upside target would be 235 (+10), 243 (+18) & 247 (+22).
This could be more that 1:2 risk reward opportunity.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Tatapowerlong
TATAPOWER- WEEKLY TIME FRAME SETUPThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. if fundamentals are really positive and good we can anticipate this move.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
TATA Power Multiyear Breakout *TATA POWER LONG TERM ONLY*
Tata Power is good stock for hold long term because after a sharp multiyear downfall and consolidation level stock near breakout level of multiyear but we can't buy stock at this range so, due to FOMO we can add some quantities at this level and when market maybe correct or consolidate in future then we can accumulate this stock till 115 level.
Buy Levels: Some quantities at this level and accumulate till 115
SL: 89 for long term only
TGT: Open Because stock has caliber to give very handsome returns in few years.
NSE:TATAPOWER
TATA POWER | Long it or REGRET!
TATA POWER Formed a bullish butterfly pattern on the Weekly as you can see in the chart!
[*} Easy trade till the 0.382 retracement. Beyond that its your risk. Sell in the red box!
The MACD is also turning bullish with a crossover. Easy 25% Targets!
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