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.
TATAPOWER trade ideas
TATAPOWER - bullish - nearing breakoutTATAPOWER is in a narrow ttm squeeze and has increasing momentum, which indicates that a big move is due sometime soon. It is also forming a bullish ascending triangle near the top.
Tata power bay at your own riskBay for a long time at least 20 days
Its a educational purpose analysis.....
Bay bay bay at your Owen riskGreat opportunity to bay after a great consolidation it will take a risk will have make profit its an educational analysis not perfect baying treading.....
TATA POWER After a consolidation of 1 month , the stock has formed an triangular structure & has given
a breakout, assuming wave (e) to be complete around 120 area , stock is all set to complete an upthrust move, one should buy the stock on cmp and add on dips upto 120 to 123 zones if you get chance, and maintain the stoploss of 118.20 and look for the target of 128 & 134 levels and more.
Key Levels
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
TATA POWERSymmetric triangle pattern formed . Possible Bullish signal . Great buy opportunity . Hold till 150
swing Tata Power is on its support. we can buy for the target of 130 and if this level breaks out then next target would be 143. SL 117. very good RR
TATA POWER - SYMMETRICAL TRIANGLE FORMATION - READY FOR BREAKOUTChart is self explanatory.
Wait for the breakout.
This is not a stock recommendation.
Don't Invest and trade blindly.
Do your own analysis.
Tata Power can correct till Daily demand zone @ 111Stock is in up trend in daily weekly and monthly time frame.
prices should react from demand zone
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Wait for trade active in the zone
If trade get active maintain min RR 1:3
If not active .....no loss....cheers
TRIANGLE PATTERN BREAKOUTWE CAN SEE A TRIANGLE PATTERN FORMING IN A 15 MIN TIME FRAME AND ITS FORMING IN A VERY BULLISH TREND AFTER A BREAKOUT SO ITS POSSIBLE THAT WE WILL BA ABLE TO SEE A GOOD RAISE IN ITS PRICE AFTER THE BREAKOUT.
