Tata Power - Elliott Wave Count
Tata Power seems to have completed its correction and is now on an upward impulse wave with a target of 280 and beyond. However, if the market breaks below 230, this view will be invalidated.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:TATAPOWER...
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...
Refer my below linked study for TATA Power
Price action perfectly respected...
But the cart is still weak on a daily horizon.
have marked important price action levels.
Happy trading...
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NSE:TATAPOWER is trading at best entry point. My idea is to take entry at 224.50 with small stop loss of 220.50 (-4 Points). My expected upside target will be 231 & 233.
Note: This is my personal analysis, only for learning. Thanks.
The 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...
In this chart, if we start analysing the performance of the stocks, we can first notice that the prices are consolidating by time.
Following this behaviour, we expect that the prices will drop from 230 to 217. And here we will have two cases: either another drop to 200 following the trend line or move up to reach 236 and then move forward 243
#TATAPOWER Hello trader, I hope are good and safe. Today I opened the chart of #TATAPOWER for 15 Min and analyzed it then I see that this chart has made a UP TREND, So I hope #TATAPOWER will go up,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
#TATAPOWER Hello trader, I hope are good and safe. Today I opened the chart of #TATAPOWER for 4 hours and analyzed it then I see that this chart has made a #DESCENDING TRAINGLE, So I hope Tata Power will go up,
When price retest the resistance line then Nice opportunity for Buying.
If you have any query then leave a comment.
Keep Supporting And Thank You..
*TATA POWER LONG TERM ONLY*
Tata Power is good stock for hold long term because after a sharp multiyear downfall and consolidation level stock near breakout level of multiyear but we can't buy stock at this range so, due to FOMO we can add some quantities at this level and when market maybe correct or consolidate in future then we can accumulate this stock till...
Tata power is coming out of the channel now. Looking good for medium term. All levels on the chart for the reference purpose. One can add it around 126 - 127 levels.
