TATAPOWER trade ideas
TATA POWER POTENTIAL BEARISH GARTLEY SELL OPPORTUNITYTATA POWER HAS RECENTLY BROKEN IMPORTANT LEVEL OF INR 50 (ALSO PSYCHOLOGICAL PRICE LEVEL). WHICH SUGGESTS THAT STOCK IS MORE LIKELY TO GO DOWN EVEN MORE.
CHART IS FORMING POTENTIAL BEARISH GARTLEY OH H-1 CHART, WHICH WILL CONFIRM OUR BEARISH BIAS ON STOCK.
BEARISH GARTLEY
SELL ENTRY: INR 43.25
STOP LOSS: INR 47.35
TARGET-1: INR 39.65
TARGET-2: INR: 37.45
TATA POWER DESCENDING TRIANGLE TATA POWER STOCK HAS BEEN TRADING INTO DESCENDING TRIANGLE RANGE ON DAILY CHART SINCE JULY-2019. WHICH SUGGESTS THAT STOCK WILL BREAK OUT ON THE DOWN SIDE UNDER SUPPORT LINE INR 50.35 (PSYCHOLOGICAL MARK OF INR 50 MARK).
parallel supportthough volumes are not so good..its taken support stop is candle closing bewlo 50 tgt 62
Tata Power Long- PositionalThe stock is in uptrend on the daily charts. On 15 min charts, there is a bullish hammer. Buy will be initiated on the 15 mins charts on break of the high of last candle.
Sl at Rs. 60/-
TATA POWERTravelling in a Channel in monthly time Frame, presently it is in correction and next target level is 80.
SHORT Tata Power(Intr@day)Supply zone is around 60.50.Short idea is made for Intraday on Monday, with SL of 61.10with TG 57.50
TatapowerTatapower can move toward 86-88 level in next 10-20 days according to current chart pattern.
TATA power- More chance to Accumulation 125dma resistance, bearish divergence on RSi line of good demand all acting as a resistance for thsi weak upmove with low volumes and decreasing spread with advance..
Discalimer.. not an investing/trading recommendation
TataPower, EWave, DivergencePrice has come down to long-held support line. It seems that five waves down is also done and there is a positive divergence showing up. Either down slide of price will pause and/or price will reverse the course.
TATAPOWER - UptrendTATAPOWER- as MACD has crossed over and the trend is up, it is expected to reach Rs.89 in the near term
@SELL SETUP NOW DAILY FINANCIAL WISDOM: It's easy to make money in the market...it's difficult to hang onto it...
Tatapower -a good breakout from triangular patternyou can buy tata power for 90-92 fro trading purpose and 110 for long term
TATA POWER INSIDE DESCENDING CHANNELmarket analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance.
Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we can see a very high bearish market ahead. So lets see what the market does in the coming days. Cheers!
TATAPOWER super bullMy earlier message about this scrip is void. It was only till the expiry which was today.
This sector has seen too much of negativity in the short run.
Technically, the price has broken the downward pattern.
It has to test the high to contemplate a run downwards.
86 is the short term target and 91 for medium term **if the short term goes well**.
