Power
Powergrid Technical view!We can observe an ascending triangle pattern
Buying Price around 174-175
Target of 200
Stoploss of 165 or as per your risk tolerance
Timeframe: 15-30 days
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
bullish on tata powertata power can be a multibagger in coming years with the help of the recent electricity amendment bill and privatization of power units the stock fundamental can grow exponentially and so will the share prices.
The current central government is trying to pass this bill soon and whereas another reason for the share price to grow is the EV vehicles . In India EV vehicle usage is goona go tremendously through which all the charging units in the country will be managed by TATAPOWER.
lookout at the fundamental potential and buy it!
TATA POWER: Nearing Triangle breakout with good technical.NSE:TATAPOWER
The stock trend is bullish with little pullback due to global sell off on 19-20th July, 2021.
Technicals looking good with symmetrical triangles forming with low volumes- Good sign for breakout.
RSI is moving into a demand zone.
Targets: 132, 142
SL: 116
Maybe considered for short plays.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
#69 TATA POWERS POWER PUNCH#69(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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