TATAPOWER trade ideas
TATA POWER LONG INTRADAY 3 MAR,2021Dear trader,
If u look at the chart of TATAPOWER (analysis based intraday only) the TATAPOWER support at 100 and target at 105 and stop loss at 96.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more in depth analysis.
TATA Power has broken a channel Pattern, It will likely see a upward rally.
Based target is to get a 50% upside from here.
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TATAPOWER watch out and Go short and then go Long TATAPOWER . Very interesting price action! It formed bearish AB=CD pattern and it is further confirmed by very strong resistance at 97.1. But if you pay attention to volume, it is above average! So my guess is that, there is less probability it can go up and high probability price can go down. If price goes does, it can find support at 87.8 and may bounce to 101.7. Let's see!
Tata Power: Will it show some Power & Emerge as a Multibagger!! - Breaking of two patterns - chanell & flag pole
- Volumes increasing
- I think it will become a multibagger(3x-5x) stock
- View for 2-3 years.
Dis. : I am not a sebi registered analyst. Sharing for purely information only
Personally invested from 60 levels more added on 88 levels.
TATA POWERTATA POWER has been rallying from the level of 80 and appears to be consolidating for a follow-up rally up to 100. The stock is being traded-in good quantity daily and there has seen significant additions in the segment as well.
Buy - ~88
T1 - 92+
T2 - 100+
SL - 87
Triggers -
Improved earnings reported in Q3.
It has been said that the business hasn't been drastically impacted by the COVID.
Emphasis is laid upon clean and green energy in Union Budget.
NOTE- Hourly time frame chart is being used here to clearly depict the target levels and support levels. The stock has been treating the level of 88-90 as a strong support zone. T1 and T2 are expected to be achieved in the coming 2 weeks.
TATA POWER BUY www.tradingview.com
PRICE : 90.5 TO 91.5
SL : 86
TARGET : 95.6, 98.5, 103.25
STRICTLY FOLLOW SL ON COLSING BASES
Tata Power Is Going To Blast Big..Looks like Tata Power is breaking out big.
Target 500 to 800 (Fundamental Target).
Neutral Right now at very imp support tend it might show some bullish move from here
if this level broke next target is 66
TATA POWER - Multibagger StockTata Power is expected to break 10 Year Downward Channel, Trading with high volumes from the past 3-4 months.
RSI is also expected to breakout from the crucial level.
If Price crosses the trend line around 85-86 levels, Hold for a minimum of 140-150 levels.
Tata Power fundamentally looks very strong and is underrated as compared to stock price. Expected to fire like TATA MOTORS.
Tata Power- Channel Breakout on Monthly chartThe stock has broken out of its 10-12 year channel on the monthly charts. Volumes are huge. We have to wait for january to end to see whether this breakout sustains or not. It definitely looks interesting.
p.s.- I may be biased as i am already invested from lower levels.
Tata power about to loose momentum? NaaahAfter a long bull run from around 27 to 78 , I personally see there is a strong chance around 80-84 it will face major resistance . I'm holding this stock from 54 ,technically there is a major resistance but the reason why I will still hold this stock is because its FUNDAMENTALS are getting stronger ,promoters are buying the stock .
inverted head and shoulder on tata powerits not perfect but as forming on horizontal boundary can consider it.
paper trading
as we miss accumulation we are conservative on position sizing
sl will be 49 on weekly closing i.e. if it break 49 on daily come out and close above 49 then re-entry as
we don't know how much fall will be there with volume so this way we are safe from high speed fall.
target is all time high. so be ready with patience as it will take long to hit.
becoz it took almost 1 year to form
be patient eventuallylong term wealth will be generated.
avoid news
Tata Power - December target Rs. 80++Here is a snapshot of what Tata Power is doing in December 2020.
My target for this is Rs. 80++ (hopefully before Nifty correction starts)
