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.
TATAPOWER trade ideas
Tata power long term BUYIf breakout above 157 next long term Target will be 235. So hold for long term.
TATA POWERIt seems to have broken the last few weeks levels and showing a breakout above weekly levels of march.
It can be a long with stop loss of 114 for a target upto 130.
If it does not sustain, it can reverse back to 100 and 96.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Tata power wave analysisNice bull trap in tata power.it is in irregular flat correction which will end at 109 level
BULLISH ON TATA POWERTrying to break a strong resistance zone with good volume
30.9% delivery on 7th june which is highest delivery percentage since last few month, a good momentum about to come
Monthly time frame - Channel BOTata power has potential to reach 135 if broader markets are steady for some time...it broke out many months ago...but the VOLUMES HAVE BEEN BIG ...since 2006 it has not traded with such big volumes...
Volumes market with blue arrow
targets - 135,145....This is an idea, NOT ADVICE TO TRADE. for longer term..
Breakout from channelKeep it simple...Tata Power breakout happened some time ago from a channel pattern..This trade is meant for a longer period or you can do a positional trade. According to Investopedia Channels are powerful, yet OFTEN OVERLOOKED patterns, which have not been given their due importance. But you can earn reasonable profit if you draw the right pattern and trade. ( this is only for educational purpose)
CMP - 108.6
Targets - 135,145.
Calculate your own risk/reward. Do your own research. This is an idea, not advice.
Technical analysis on TATA POWERtata power is trading in uptrend on 4h timeframe with trend line, an counter trandline mforming symmetrical tringle on charts which suggest strong buying opportunity @100-102 levels for the targets of 106-107 and final targets of 114. Alternative short opportunity is break on downside of T1 trendline. Targetsn for short trade are 91 and 87.
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.
TATAPOWER is it ready to go upTATAPOWER: seems like it is completing Elliott wave symmetrical triangle and price pushed to apex. Is it ready to go up?
TATAPOWER LONGENTRY ABOVE 106
Sl -103
DISCLAIMER :These recommendations and reports are based on the theory of technical analysis and personal observations and are for educational purpose. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment.
Tata Power ready to fire. Only resistance is around 113 area on weekly closing basis. Once above that, should blast.
