TATA Power is following 76 Weeks Cycle & It has completed 76 weeks of correction. Earlier 76 weeks stock jumped from 29 to 300 --> 10x in 90 weeks. Corrected to level of only 181 in 76 weeks ... Also a Flag pattern getting Built on the Weekly charts.
Any breakout on script above 225 can see the Momentum coming back to the Script with big Players to start accumulation again on the stock for the Targets of 1000+ in 2-3 Years.
LTP - 207
SL - 175
Targets - 1000+
Timeframe - 2-3 Years.
Logical Reason behind the targets given - Power Sector in INDIA is in-demand sector with EV vehicles becoming future of INDIA. Once the Stocks crosses 225-250 Big Players will again start accumulating the stocks for 2x-3x ROI which will drive the stock to 400+ with buyers still lined up for weeks to go. Big Players don't do investment for 20-30% ROI they do invest for multi year & multifold returns. So 1000+ Targets very much Possible / Logical & Achievable on the stock in coming months.
Happy Investing to be Friends & Followers.
Any breakout on script above 225 can see the Momentum coming back to the Script with big Players to start accumulation again on the stock for the Targets of 1000+ in 2-3 Years.
LTP - 207
SL - 175
Targets - 1000+
Timeframe - 2-3 Years.
Logical Reason behind the targets given - Power Sector in INDIA is in-demand sector with EV vehicles becoming future of INDIA. Once the Stocks crosses 225-250 Big Players will again start accumulating the stocks for 2x-3x ROI which will drive the stock to 400+ with buyers still lined up for weeks to go. Big Players don't do investment for 20-30% ROI they do invest for multi year & multifold returns. So 1000+ Targets very much Possible / Logical & Achievable on the stock in coming months.
Happy Investing to be Friends & Followers.