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.
Power
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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Tatapower Sell I hope you can now see how Tatapower represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.