Power
TATA Power – Range Breakout above 108 else Sideways to BearishTechnically Stock had crossed Bearish Trend line around 78 on monthly Chart after same we saw huge Upside within 2 months time frame.
Next Trend line is around 108 if crossed more Upside can be seen. Else Stock can go Sideways to Bearish
Buy above 108 only for Target of 141
Fundamentally Co has 44k Crs Debt vs 21k Crs Reserves.
Annually they are paying 4.2k Crs Intrest and have just 1.1k Crs worth of Net Profit.
It will take 44 years to Pay back there Debt.
If for any reason there Top Line reduces even by small % like 10% then Co is in Deep Trouble.
Hence use this Script for Short term trading only.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
TORNTPOWER - BREAKOUT AND RETESTA STRONG STOCK TO HOLD
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
S & P BSE Power Index Near to Breakout* After Long Consolidation S & P BSE Power Index showing strength to breakout. If monthly close will happen above upper boundary then this POWER index outperform to SENSEX .
S & P BSE Power Index STOCKS-
Scrip LTP
POWERGRID 232.2
ADANITRANS 769
BHEL 40.4
TATAPOWER 91.15
SIEMENS 1,839.65
TORNTPOWER 364.8
ABB 1,523.00
CESC 611.6
THERMAX 1,162.65
KEC 431.4
ADANIPOWER 55.8
NHPC 25.8
ADANIGREEN 1,118.40
NTPC 104.3
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