Based on the 1-hour chart of Tata Power:
It is attempting a short-term bullish flag, but confirmation is not complete yet.
Technical Structure Assessment: Flagpole:
Strong impulsive move from ~₹365 to ~₹377–378
Volume expansion visible on breakout candle.
Momentum indicators (Stoch RSI) near overbought — Which is typical after a flagpole.
Flag Formation:
Post spike, price is moving in a tight sideways/slightly downward channel.
Candles are small-bodied → consolidation behavior.
10 DEMA holding above 20 DEMA → short-term structure intact.
Clean breakout above ₹378–380 is expected ,If it holds above 380 zone .Based on the Flagpole height of ₹12–14 it is expected to test 390-395 zone(For educational purpose only)
It is attempting a short-term bullish flag, but confirmation is not complete yet.
Technical Structure Assessment: Flagpole:
Strong impulsive move from ~₹365 to ~₹377–378
Volume expansion visible on breakout candle.
Momentum indicators (Stoch RSI) near overbought — Which is typical after a flagpole.
Flag Formation:
Post spike, price is moving in a tight sideways/slightly downward channel.
Candles are small-bodied → consolidation behavior.
10 DEMA holding above 20 DEMA → short-term structure intact.
Clean breakout above ₹378–380 is expected ,If it holds above 380 zone .Based on the Flagpole height of ₹12–14 it is expected to test 390-395 zone(For educational purpose only)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.