Date: 15-Feb-2024 Rating: Buy (Mid Term as well as Long Term Opportunity) LTP: Rs. 378.85 Targets: (1) Rs. 412 --> (2) Rs. 448 ++ SL: Rs. 354
NSE:TATAPOWER - With due focus on renewable energy sector makes it a good prospect for investment.
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.
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Updates: 3-Mar-2024 -------------------------- After touching the high of 412 on 9-Feb-2024, Tata Power has retraced to 354, which is Fib. 0.38 level. Post that it has gone into sideways. On 1-Mar-2024 it has break out from its secondary down trend line within primary uptrend line. RSI has crossed 50 level and MACD is above 0. Looking bullish from here onwards to achieve above mentioned targets.
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7-Mar-2024 -------------- LTP: Rs. 425.25 TATAPOWER - 1st target of Rs. 412 reached. 12% up from suggested level. NEXT TARGET: Rs. 448