TATAPOWER trade ideas
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)
TATAPOWER - Breakout - Intraday/Very Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Check the idea linked below to understand the Breakout on Daily Time Frame.
Entry can be made above the high of breakout candle on reversal signs.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Tata Power - LongTata Power CMP - 64.90
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 65 ONLY / Stop Loss - 62
Target 1 - 68
Target 2 - 70
Target 3 - 72 / 75
Short Term Targets - 75 - 90 / Stopl Loss 57
Disclaimer: This is my view and for educational purpose only.
Tata Power looks goods for investmentTata Power looks good for investment... Trend line breakout + cup and handle breakout.. keep sl as per ur setup.
Inverse H& S Breakout👉 Inverse H& S Breakout in weekly chart and candle strong closing in weekly chart.
👉Upside 50% from CMP.
TATAPOWER - Bullish H&S Pattern - Swing tradeThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
Tatapower with a Bullish Chart - Inverted Head and ShoulderHi Friends,
TATAPOWER is making a nice Inverted Head and Shoulder in a Weekly Time Frame. And also, it looks like a Cup and Handle.
It is good to go long once it breaks the Rs .64 level and possible upside till 94-100. I hope you benefit from the chart published here.
- MetaVish
NSE:TATAPOWER
Tata Power Co : Buy OpportunityI have shown the pattern on the chat. There seems a good buy opportunity with the retest as well.
Breakout in TATAPOWER (Weekly Time Frame)This analysis is for short-term swing trading opportunities (ranging from few days to few weeks). The analysis is purely based on price action on weekly time-frame.
As can be seen in the image, the trend-line has been acting as good resistance till it was broken on 10th August 2020 with increased volume . The stock touched its life-time bottom and then from there, it started an up-trend (higher-highs and higher-lows). As this uptrend continued, large increase in volume can be seen on charts (stock never saw such huge volumes in its lifetime).
After the breakout with volume confirmation, the price went up little and came down to retest that support level (same trend-line). As can be seen from the charts, price has got good upward rejection from that support. Also, if we use Fib-Retracement tool, we find that the support level is at 0.382 level which shows strength in on-going uptrend.
Trade strategy can be - to enter on the high of next green candle (entry can be made on daily time-frame as well on the high of previous-day candle). SL can be taken below 0.382 level = 49 or preferably below 48-47.5 level.
For Targets, there are two options - Either take previous swing highs as targets (marked with horizontal rays in red colour). Or target can be deduced with help of Trend-based Fib Extension tool (as shown in image). Target-1 as per that tool will be 72, Target-2 = 78 and Target-3 = 83 level.
Breakout in TATAPOWERThis analysis is for short-term swing trading opportunities (ranging from few days to few weeks). The analysis is purely based on price action on weekly time-frame.
As can be seen in the image, the trend-line has been acting as good resistance till it was broken on 10th August 2020 with increased volume. The stock touched its life-time bottom and then from there, it started an up-trend (higher-highs and higher-lows). As this uptrend continued, large increase in volume can be seen on charts (stock never saw such huge volumes in its lifetime).
After the breakout with volume confirmation, the price went up little and came down to retest that support level (same trend-line). As can be seen from the charts, price has got good upward rejection from that support. Also, if we use Fib-Retracement tool, we find that the support level is at 0.382 level which shows strength in on-going uptrend.
Trade strategy can be - to enter on the high of next green candle (entry can be made on daily time-frame as well on the high of previous-day candle). SL can be taken below 0.382 level = 49 or preferably below 48-47.5 level.
For Targets, there are two options - Either take previous swing highs as targets (marked with horizontal rays in red colour). Or target can be deduced with help of Trend-based Fib Extension tool (as shown in image). Target-1 as per that tool will be 72, Target-2 = 78 and Target-3 = 83 level.
TATA POWERAfter breakout nearest target is 61. Reversal after taking support at 54 is done. Hold with medium term target 72.
