TATAPOWERNSE:TATAPOWER
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
TATAPOWER trade ideas
#TATA POWER - SHORT TERM CALLS #INDUSINDBANK... ✅
INTRADAY/ Short term delivery call as well
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
Tata Power ConsolidatingConsolidating within range of 200-250 since Oct-2021. Fundamentally good company.
For Investment add on dips below 218 and wait for good volume BO avove 250 zone. Strong support at 200.
For swing trades buy below 220 and sell above 240 to mint.
Triangle BO may give strong pull upwards but need to sustain above 250 for confirm BO.
TATAPOWER- WEEKLY TIME FRAME SETUPThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. if fundamentals are really positive and good we can anticipate this move.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
TATA POWERReasons behind the trade
1. It has given a breakout post brief consolidation
2. Started making new higher lows
2. RSI has also started to show some strength (above 50 now),
verdict - if you are a defensive or low risk-taker then one can probably wait for another re-test (if it gives a re-test) or one can enter with a small amount at current level
Cup and handle pattern, will it break 246-250 jinx?Tara power forming cup and handle pattern with resistance around 245-250 and if it break then it can till 295 as short term target.
Let's watch for 3-4 weeks for resistance testing.
Note: this is just educational purpose and not for recommendations at all.