Tata Power - Bullish formation -- Next Resistance LevelTata Power - Bullish formation -- Next Resistance Level .
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Tata Power - Breakout - Cup & Handle and Ascending Triangle Tata power has given a decisive close above from both a cup & handle as well as an ascending triangle pattern.
Initiate long.
Target : 34.25
Stop Loss : 31.50
Tata Power Company Ltd - Bearish SignsTata Power Company Ltd. has broken and closed below 30. The breakdown was with high volume.
RSI & MACD - bearish.
Staying below 30 it may go towards 27, 25, 22 which are important Fibonacci extension levels
Tata Power : Bullish Close above 75 Tata Power looks bullish 69 (daily con close above 75. Volume in upmove is good after posting double bottom. Above 75 next 1st target would be 85 with sl below 68 (closing)
RSI and CCI are showing positive moementum
TATA Power Buy for 24% return in 1 monthTATA Power is in a strong bull run with increasing buy volume from the last 7 trading sessions. Buy for a target of Rs. 86 i.e. 24% return in 1 month.
Tata Power - Getting ready for Inv. H&S breakoutTata Power - Getting ready for Inv. H&S breakout, one can buy at cmp with a SL of 74.35
Tata Power Crucial LineTata Power is at a crucial long time support level .
More chances of going down as stock strength is weak .
Short once the level broken .
Tata Power :Good response by buyers at break out retest level .Tata Power :Good response by buyers at break out retest level .
TATA Power at long term breakoutTata Power at Long Term Breakout from falling wedge pattern. Though it has fallen from upper edge quite a few times, This time it seems to have broken out.
Tata Power - Weekly BuyTata Power is forming a huge green candle this week. If it manages to close above 82 tomorrow, this week's low could be a good SL (weekly closing basis) to go long for possible 90+ targets. 83-85 could be a minor hurdle before blasting off.
Tata Power: Solar Power Play with Short-Term Headwinds
Government Tailwinds for Solar
The Indian government's PM Surya Ghar Yojana scheme presents a significant opportunity for Tata Power.
This ambitious plan aims to install rooftop solar panels in 1 crore homes, creating a massive demand for solar modules (25-30 GW).
Tata Power's Strategy to Capture the Opportunity
The company plans to capture a significant portion (5-6 GW) of this demand, translating to a potential business opportunity worth Rs. 8,350 - 10,000 crore over the next 3 years.
To achieve this, they aim to increase their market share from 13% to 20%.
They're building a solar cell and module manufacturing unit in Tamil Nadu to meet the expected surge in demand.
Leveraging their existing network, Tata Power also plans to double its channel partners to ensure wider distribution.
Short-Term Headwinds
Despite the long-term opportunity, Tata Power's recent Q4 results missed analyst expectations.
This might lead to a temporary dip in the stock price.
Potential Buying Opportunity
A "buy on dip" strategy with a 2-3 year holding period could be considered.
The current support level is around Rs. 395-400. A break below this could see the next entry point at Rs. 380.
Important Disclaimer
This is not financial advice. Please do your own research before making any investment decisions. Consider consulting a financial advisor for personalized recommendations.
Tata Power for 20% gainsDate: 27 Sept’24
Stock: Tata Power
Timeframe: Daily chart
Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so).
This is not a trade recommendation. Please do your own due diligence.
TATA POWER BREAKOUT AGAINT TOWARD 300NSE:TATAPOWER Has amazingly given a breakout from descending triangle pattern from the level of 210 after being in the zone of 200 from long time. Tata power can break new levels in coming future as it is one of the leading power companies in competition with Adani power. You can create a fresh position in Tata power with SL of 200 for the target of 240-250-300. Only enter with good quantity if it will break the 215 with good volume and a Re-test from 210 level.
Tata Power powers up...Breakout above 267 after a 25 week consolidation.
If the momentum continues, expect target of 326 in the medium term.
Always define a stop loss.
Check my previous view on Tata Power here:
Descending Triangle Pattern@TATA Power Daily ChartTATA Power: Formation of Descending Triangle
CMP:221
T1 and T2 Mentioned on Chart
TATA POWER under Symmetrical TriangleCHART -> TATA POWER DAILY SETUP
As seen per charts, a beautiful symmetrical triangle under formation on daily chart of TATA POWER.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
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.
TATA POWER: SLEEPING GIANT AWAKEND !!!Hold/Buy tata power at cmp for 150+ levels. Horizon: 21 days. All oscillators are positive.
Tata Power: Low risk Entry in Weekly ChartIn stock trading it is all about Risk Reward. if the reward is more than risk than it is good. Tata Power best risk reward entry in weekly chart.
