Tata Power: Bullish cup and handle Tata Power is trying to move away from its 16 weeks of price consolidation.
There's a visible formation of a cup and handle chart pattern.
Can see a probable bullish price movement above the all time high level of 267.
Strong RSI and MACD lend support to bullish bias.
However, always keep a strict stop loss of 5-8%.
Note: Analysis only, Not a buy or sell recommendation. Please do due diligence and consult your advisor.
Search in ideas for "TATA POWER"
Tata Power: At crucial resistance levels & trading strategyTata Power
- The stock is at crucial trendline resistance
- 216 is an important support level which if broken would lead to further fall
On the upside 230-236 odd levels has the potential to act as resistance
Given the set up, one may consider a Bear Call spread strategy.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TATA POWER: ON THE VERGE OF A GOLDEN CROSSTata Power is on the verge of forming a golden cross. A Golden Cross is a basic technical indicator that occurs in the market when a short term moving average (50-day) of an asset rises above a long-term moving average (200-day). When i see a Golden Cross occur, i view the chart pattern as indicative of a strong bull run.
Stock is near 52W high with significant volumes and RSI is also indicating price strength.
Target: 150
Horizon: 12W
Tata Power - Broken OutTata Power is a company on the turnaround. They are actively looking to reduce debt by selling non-core assets and reach a resolution for their mundra power plant with 5 states after which they will have all strong assets on their books.
The stock has an inverted head and shoulder pattern. The stock price has moved above its 200EMA and 200WEMA over the last couple days..I already have been buying this stock in a staggered manner since 64.50.
A buy can be placed at CMP with a SL below 64.
Or another way would be wait for it to cross 71.50 before looking to enter the stock.
Disc: Already long on Tata Power.
TATA POWER breaking out from a symmetrical triangleTATA power is breaking out from a symmetrical triangle.
What is the trend prior to the formation? UPTREND.
What is the predicted trend after the symmetrical triangle? UPTREND (going by theory of a symmetric triangle)
Is the symmetrical triangle confirmed? Yes, consolidated volumes.
What is the idea? Go long on tata power. Super formations.
Please follow and like.
NSE:TATAPOWER
Tata Power Company Ltd.Tata Power Company Ltd.
Tata Power Company Limited is an Indian electric utility company based in Mumbai, Maharashtra, India, and is part of the Tata Group. The core business of the company is to generate, transmit and distribute electricity. With an installed electricity generation capacity of 10,577 MW, it is India's largest integrated power company. Tata Power has been ranked 3rd in the 2017 Responsible Business Rankings developed by IIM Udaipur. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.
TECHNICAL ANALYSIS. (Date 04/04/2022)
Time Frame - 1D
1. Stock breaks the previous swing high as well as the previous all-time high.
2. Stock makes new all-time high.
3. High traded quantity and 20.3% delivered quantity.
4. Supertrend is positive.
5. Alligators are in uptrend.
6. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Power Generation/Distribution.
1. MARKET CAP - ₹ 87,424.49 Cr.
2. P/E - 36.92
3. P/B - 4.68
4. ROE - 6.01%
5. ROCE - 6.65%
6. EPS - ₹ 7.41
7. CASH - ₹ 142.67 Cr.
8. DEBT - ₹ 20,551.76 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #tatapower
TATA POWER is ready for a powerful RallyTata Power is now testing the Flag & pole pattern and if it manages to breach the triangle , we can enter at 240 levels with 225 as SL for a positional target of almost 150 points.
As currently Bears are pushing the market on downside, its better to enter once we get clear breakout signal at 240.
Kindly share your valuable feedback.
Disclaimer: Please do your own research or consult your advisor before taking any trade. This view is for educational purposes only.
Tata PowerTata Power Inverse Head & Shoulder Pattern Tata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder PatternTata Power Inverse Head & Shoulder Pattern
TATA POWER - DAILY CHART - 17.08.2022 - BAHAVAN CAPITALTATA POWER as per Daily chart Analysis.
Today ADANI POWER, IEX and TATA POWER has shown good momentum and among these ADANI POWER had no seller after 1.30pm.
There should be a Good momentum for these power sectors for tomorrow.
TATA Power Above 238 and Target 245 / 250 / 258 / 268
Happy Profitable Trading to All...
TATA POWER ON 30 MINS CHARTTata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is approaching towards FIBONACCI 61.8% level, buyers are getting weak. As this is 30 mins chart we believe TATA POWER can end up in a range bound market for upcoming week. Trade safe
TATA POWER FOR 465+Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India. It proudly stands as part of the illustrious Tata Group. Tata Power boasts an impressive installed electricity generation capacity of 14,707 megawatts (MW).
In past few weeks stock has consolidated and now I m expecting a bullish rally in this stock. NSE:TATAPOWER
CMP : 446
SL : 424
T1: 464
T2 : 480 :
T3 : 495
Note : This is not stock recommendation this is only for educational purpose.
Tata Power - Higher High and Higher Low - Uptrend Tata Power Techincally is showing a uptrent making higher high and higher low. If we draw a trent line, the movement should respect the same and move to higher target. RSI and MACD is positive on weekly time frame.
Fundamentally, Tata power is great longterm stock - with power stations, batteries, EVs, the future looks bright and we can see a longterm value creation for shareholders.
Clean Chart, Easy Chart!!!
"Learn & Earn"
Cheers!!!
Tata Power - Weekly Charts - Bullish - Power SectorTata Power - Weekly Charts - Technical View only
Date - 06/07/2023 - 11:25AM
Pattern - Bullish Flag Pole & Darvas Box
Breakout above 229-230 with strong
Deliverable volumes
can take it 234 , 240 , 249 , 268 , 290 , 320 , 380 <<
In coming months with expansion of renewable power
and starting of solar module manufacturing unit,
we can expect very good and superb returns
from this Tata Power company.
All Capital Market Standard Disclaimers Apply
Tata Power mid-term & long-term buyTata Power breaks its hourly chart resistance today. Above 238-240 it confirms breakout for Bullish Flag Pattern. Targets according to the analytical tools suggest near about 280 / 300 / 310. If market gives correction and so does Tata Power, average near 200. MACD & RSI suggest positive signals. Always remember, Tata Power is going to be one of the biggest beneficial for the Electric-Automobile Sector in India. So anyways, perfect delivery buy for investors.
Remember the name, Krish Sanghavi
NSE:TATAPOWER