Tata Power & Tata Communications: Dynamic Duo Poised for UpswingTata Power
The stock has shown a significant upward trend, reached at the 460 level, where it encountered strong resistance.
As a result, the price pulled back and found support around the 405 level, entered a consolidation phase.
During this phase, a Pole & Flag pattern developed on the chart, and with a recent breakout supported by robust trading volume, the stock is primed for further upward movement.
Tata Communications
Overall, the price is on an upward trajectory, consistently making higher highs and lows.
After hitting an all-time high close to the 2070 level, the price faced a notable rejection, resulted in a sharp decline followed by a consolidation phase.
During this period, an Ascending Triangle pattern developed, and the stock has recently achieved a successful breakout.
The current price action indicates that the stock is poised for another significant rally.
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2nd Post -Predicted In Afternoon but Didnt posted TATA POWER 216Tata power broke out the rising channel then falling down and will take support on the channel and will rise again till 215-216 which will be our first target. It looks like a medium level of risistence if it is broken we will see our next target at 222. startegy is to sell 40-50% stocks near 215-216, take stopless to 213-214 then sell 40-50% (might hold for more profit)at 222.
NOTE - ITS NOT A FINANCIAL ADVICE ITS MY STARTGY , AM NEW SO SUGGESTIONS , CORRECTION ARE APPRICIATED
TATA POWERAccording to my opinion, Tata Power looks bearish if it brokes the 44-EMA line. It is also at its crucial support. For now, it is forming a descending triangle formation if the next candle breaches the 44-EMA line or the present 215 level and gives a close below it on the daily chart, an initial target of around 200 is placed (which might act as a strong support). For upside movement, the candle has to close above the 44-EMA, 50-MA and the downward trend line . If it nullifies this pattern (which is highly unlikely), Tata Power will move towards 228 levels.
THOSE ARE MY VIEWS AND ARE FOR INFORMATION PURPOSE ONLY. LET ME KNOW YOUR VIEWS IN COMMENTS.
Tata Power Analysis, a strong bearish trendI just started doing analysis, do comment if it lacks some learnings.
Tata Power has been In a bearish trend for the past couple of weeks. As the markets are also bearish, hold Tata Power for the long term as it gonna blast if it closes above the trend line breaking its bearish trend. Adopt buy on dip strategy and hold for the long term.
TATA POWER Trend Analysistoday we have seen a little bullish trend in tata power as tata power made a higher high and high low pattern chart in todays market. many people booked heavy profits in todays market by this stock. but if you have this stock in your portfolio then you need to wait until end of this current trend because it will give you good profits without any tension. i hopw tomorrow we will see a new higher high pont ani a fresh new high low point. i hope tomorrow this share will follow thw same trend but in case of breakouts i arked the targated high and low point with green and red lines resp.
please let me know if i am wrong somewhere in analysis....
Thanks in Advance...
TATA Power 4h chart TATata being a fundamentally strong company with the upcoming and new projects, the fundamental analysis side looks pretty good for this stock. The technical analysis also seems to be decent as we see the price coming up to the lower trendline of the uptrend it is in currently, If we get any good news regarding tata power projects and collaborations we can definitely see the price break the previous high of the uptrend, the RSI being stable around at 44, looking at other indicators, I don't see a MACD crossover yet.
Target prices would be:
1)137
2)145
Stop Loss:
119.5
TATA POWER WILL STRIKE GOLD 🥇#42(GENIE IDEAS): AFTER ANALYZING AND POSTED A POST REGARDING TATA POWER
ON JUNE 4 ALL THE TARGETS ARE REACHED🤩.
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#TATA POWER SYMMETRIC TRIANGLE #TATAPOWER After being stuck inside a symmetric triangle for 3 months, Tata Power is on the verge of giving a breakout. Breaking down will lead to re-testing support at 92. Whereas, if it breaks upwards, we may see it touch 115-120 level. We last saw Tata Power at that level back in 2014.
Educational purpose only - trade at your own risk.
Good luck.
[TATA Power] 6.3% Profit achieved in 3 trading days, what next? In my post date 06-May-2020, I have suggested to go for SHORT on NSE:TATAPOWER (for short term gain). On 06-May, it was closed on Rs. 29 and I have suggested TARGET of near Rs. 27 , which it almost achieved today (11-May-2020).
Now it touched the support line of monthly parallel channel as marked in chart. So what next?
Will it take take trend reversal or continue to fall !? . What could be Target price in both case?? If you want to know, please comment, will analyse further and post an update.
Tata PowerInvestment grade stock.
Not going with short term movement, too many positives.
1) Adani price revision at Mundra will mean they too get the revision to not make a loss.
2) Tata Power owns a defence play which in time will get brought out giving them more free cash.
3) So many assets available for peanuts to grow.
4) Tata Power has a huge green energy part which will only grow with india's push for clean energy.
Long term play to be got slowly.
Buy only above the red line (200EMA)
Tata Power Date 05.02.2025
Tata Power
Timeframe : Day Chart
Remarks :
1 Forming bearish pole & flag pattern
2 Forming descending triangle flag
3 Pole & flag is supported by 5-3-5-3-5 wave pattern
4 Enter "shorts" moment price exits from flag
5 Keep targets as per extension drawn/plotted on charts for you all
6 Ideally wait for price to exit form descending flag, don't enter short in anticipation in advance
Regards,
Ankur