Please Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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NSE:TATAPOWER has liquidity on both sides plotting a trade opportunity if either side of the liquidity taken what move we can expect.
do you have a different view ?
In weekly chart NSE:TATAPOWER has been given a breakout above level of 230.40 and closed above resistance level. In this situation buyer can wait for some price retracement up to level of 225 which could be best entry level to take buy entry with stop loss of 215 (-10 Points risk).
My expected upside target would be 235 (+10), 243 (+18) & 247 (+22).
This could...
Monthly chart of tata power showing bullishness
Generally target assuming by counting pole length..... here pole length seems to be 200 rupees ....... big targets in long term......
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Stock: TATA POWER
Position: Long
Reasons for the position: Breakout
The stock market is volatile and there is no guarantee that TATA POWER Ltd will continue to perform well in the future.
The company faces competition from other companies in the same industry.
The company is subject to risks associated with its industry, such as changes in government regulations...
Tata Power taking support on COVID trend line.
And continuing uptrend in upward channel. Near 210 looks like support.
If it sustaining 210 Level , Then we can see again all time high in next 6 to 8 months. Also We can trade weekly closing basis candle for the Intra day trading or the positional short term trading.
Follow for more such idea.
On the chart we can see a rising channel. Looks like the price may stay in this upsloping channel, a bit longer.
We can entry short at the upper boundary.
Invalidation of this thesis would be if the price breaks above the upsloping resistance line.
Make inverted head and shoulder chart pattern in 4 hour time fram , 50 EMA cross 100 EMA from below that's bullish Sign , history saw strength MACD line also saw fair value so first Target will be 240.25 and stop loss will be 211.50
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
tata power break out done which was price of 110 112 which was heavy resistance now this stock has become multibagger target is 250 sec target 30 and inside you can take entry Take it but this is only for education purpose you will be responsible for both profit and loss my duty technical analysis is only for educational purpose
