Date: 18-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER
is in its primary uptrend since Oct-2023.
• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•
TATAPOWER
has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER
is in its primary uptrend since Oct-2023. • After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•
TATAPOWER
has broke out from its secondary down trend on 18-Mar-2024. • RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Trade closed manually:
7-May-2024
--------------
Broke down the secondary trend line. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 436.40
P&L: +11%
--------------
Broke down the secondary trend line. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 436.40
P&L: +11%