A Good Bounce Can be Seen from the recent support zone.A Good Bounce Can be Seen from the recent support zone and the price has also broken above the resistance trendline with some good bullish momentum, and sighting the current changing market condition this can be the just right time to buy tata power in my opinion and we might see the resistance being broken this time after several failed retests.
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Medium term trading opportunity in Tata Power for huge upsideHi,
NSE:TATAPOWER has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Short term trading opportunity in Tata Power for > 6% upsideHi,
NSE:TATAPOWER has given a Bullish On Neck Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
TATAPOWER on a 4-hour timeframeSupport Levels: Look for previous low points on the stock chart where Tata Power's price has historically bounced back.
Resistance Levels: Identify previous high points where the price has reversed or faced selling pressure.
TATAPOWER on a 4-hour timeframe
Support Levels:
₹440,₹435,₹430
Resistance Levels:
₹450,₹455,₹460
TATAPOWER // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
TATAPOWER on a 1-hour timeframe
Support Levels: Look for recent lows where the stock price has bounced upward. For example, if Tata Power recently found support around ₹230, this would be a significant support level.
Resistance Levels: Determine recent highs where the stock price has struggled to break through. For instance, if the stock has faced resistance around ₹250, this level is crucial.
2. Trend Analysis
Determine Trend Direction: Analyze the general direction of the price movement over the past hour or several hours. Identify whether the stock is in an uptrend, downtrend, or moving sideways.
Support Levels:
₹440
₹435
₹430
Resistance Levels:
₹450
₹455
₹460
TataPower: Trendline Breakout for All-Time High with Volume Bui#TataPower: Trendline Breakout for All-Time High with Volume Buildup
Tata Power is showing a promising setup for a Trendline Breakout to reach an All-Time High, supported by strong volume buildup.
Key Metrics:
P/E Ratio: 42.10
Revenue Increase: 8% QoQ
EBITDA Increase: 6% QoQ
Upcoming Results: 6 August 2024
Price Targets:
First Target: 472
Second Target: 515
Third Target: 590+
Stop Loss: 410
The combination of strong financial performance and technical indicators suggests a potential upward movement. Keep an eye on the upcoming results for further insights.
📉 Disclaimer: This information is for educational purposes only. Traders should conduct their own analysis and consider their risk tolerance before making any investment decisions.
#StockMarket #Investing #Finance #Trading #StocksToWatch #TechnicalAnalysis #MarketUpdate #BreakoutStocks
Flag and Pole Pattern : Tata PowerThe flag and pole Pattern is a Bullish pattern indicating the continuation of the Trend. In 30 minutes, this indicates a strategic call for a breakout for Intraday trading.
Disclaimer: This is not a stock recommendation and I am not SEBI registered advisor. Take your investment decision wisely by consulting your financial advisor or doing your own research.
#flagandpole #tatapower #priceaction #stockmarket #intraday
flag pattern breakout trading opportunity considered this analysis is my journal, not buy sell recommendation
Tata Power formed a flag pattern in daily time and weekly frame
highly bullish pattern, stock in a strong up trend after a short pause again it is breaking out
entry above the flag upper line
stop below the flag lower line
LONG TERM ITD CEMENTATITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India
The company has worked with most of the major ports in India in the Marine and Maritime sector. It also provides infrastructure services in the following areas of operations: Highways, Bridges & Flyovers, Airports, Industrial Structures & Buildings, Mass Rapid Transit Systems (MRTS), Water & WasteWater, Box Pushing, Tube Heading, Microtunneling, etc.
Order Book Break Up FY23
As of March 2023, the company’s order book stands at Rs ~20,000 Crs.
Urban Infra, MRTS, and Airports: 31%
Highways, Bridges, and Flyovers: ~23%
Maritime Structures: 18%
Industrial Structures and Buildings: ~14%
Hydro, Damns, Tunnels, and Irrigation: 8%
Others: 6%.
As of FY23, 45% of the Co’s order book value is derived from the Government, 20% from PSUs, and 35% from the Private Sector.
Some of its key clients include Dubai Ports Ltd, JSW Steel Ltd, Port of Singapore Authority, Mumbai Metro Rail Corporation Limited, Rail Vikas Nigam Ltd, Tata Power Limited, Airport Authority of India, Indian Oil Corporation Limited, etc
DISCLAIMER:
The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions.
Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions
Khelo Kushti aur Karo Masti with MSTC.- Stock is providing a good dividend yield of 3.51%.
- Company has delivered good profit growth of 26% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30%
- Company has been maintaining a healthy dividend payout of 39%
- Promoter holding 65 %
- Annual Net Profit rose 21.5% in the last year to Rs 242 Crores. Its sector's average net profit growth for the last fiscal year was 49.2%.
- PE Ratio is 12 vs its sector PE Ratio of 85.
MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India. The company is significantly important for GOI as it undertakes various important e-auctions for the government.
It sources raw materials like heavy melting scrap, low ash metallurgical coke, HR coil, Naptha, crude oil, coking coal, etc
The company's branches are located across India in cities like New Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Lucknow, Jaipur, Raipur, Guwahati, Chandigarh, and others
It is casting more focus on untapped e-comm business from the private sector and has signed ticket agreements with Reliance, Indus Towers, Tata Power, Vedanta, and others.
Mahindra MSTC Recycling Pvt Ltd is a JV with Mahindra Intertrade Ltd wherein the company holds 50% stake. It owns India’s first auto-recycling plant in Greater Noida, Uttar Pradesh for the scientific recycling of End of Life Vehicles (ELVs) and white goods. It has further operationalized Collection & Dismantling centers at Chennai and Pune in FY22.
The JV can greatly benefit from the vehicle scrapping policy which can ensure continuous supply of ELVs for its plants.
Nifty 50 Trading view for 05 May 2023Nifty50 closed at 18089 as there was selling pressure observed in metal, banking, and technology stocks. SGX nifty signals a neutral to gap down opening. Markets closed lower prior to the US Fed policy meeting. Strong buys from FIIs saved the day along with strong economic data. FIIs' cash purchase was 1338 CR and DIIs bought 584 CR (Net positive of 754)
As expected, the US Fed declared a 0.25% hike in interest rates. They also pointed out that there could be a pause in future hikes. This is positive news and hopefully, a 0.25% increment would have already been factored in our earlier trades. But quite interestingly US stocks ended in the red, shedding their gains. This could be due to banking crisis worries and the debt ceiling (US govt payment obligations as of June 1st).
Today the market is expected to be in the range of 18200 on the upper side and 17975 on the lower side. The overall sentiment is neutral to bullish, as Nifty has managed to stay afloat above 18000. As mentioned earlier, it's important for the index to retain its position above 18000 levels and cross 18233 levels to see further upside. Suggested to trade in limited quantities with strict stop loss or hedging strategy.
Support and Resistance:
Resistance: 1.64 CR Call OI buildup @ 18200 level. A huge call writing was observed at the 18100 and 18200 levels.
Support: 1.22 CR Put OI buildup @ 18000 level (STRONG SUPPORT @ 18000 LEVEL)
17800 still seems to be a crucial support level (make or break level)
Do keep a close watch on these levels and nearby strike prices to determine the next move in the market.
It is important to keep a close watch on VIX as it dropped to 11.84 (0.48%). This index confirms risk sentiment in the market.
Chart Pattern:
A small red hammer was formed after six consecutive green candles. There could be possible consolidation or minor weakness observed in the next 1 to 2 sessions. Apart from 18000, 17900 also seems to be a crucial support for the index.
Possible Trading Levels:
UPSIDE TRADE:
Buy only above 18120 >>>>> Buy ITM 18100 CE. (TGT 18180 | SL 18075)
DOWNSIDE TRADE:
Sell only below 18050 >>>>> Buy ITM 18100 PE (TGT 17980 | SL 18100)
Things to account for 05 May 2023:
1. The Fed raised the interest rate by 25bps. A pause is expected in further rate increases as highlighted by the Fed.
2. DOW JONES Down -270.29, OR -0.80 PERCENT, AT 33414 despite opening positive 33,726.64. This can have a bearing on today's trade.
3. Corporate Results:
Housing Development Finance Corporation, Hero MotoCorp, Adani Enterprises, Dabur India, Tata Power, TVS Motor, Sundram Fasteners, 360 ONE WAM, Aptus Value Housing Finance, Blue Star, Bombay Dyeing & Manufacturing Company, CEAT, FirstSource Solutions, IDFC, Jammu & Kashmir Bank, Mindspace Business Parks REIT, and United Breweries.
Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors.
If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section.
HAPPY TRADING!!!
Breakdown in Tata Power Company Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.