TATAPOWER
Nifty Energy - Next Big Theme ???Nifty Energy to outperform Nifty in coming days.
Both Long term and short term trend became bullish.
Very positive changes are happening in this
sector and
Charts are looking bullish .... : :)
Few stocks to track in this segment are
Power grid
Tata power
Ntpc
Coal India
PFC,REC,PTC...
bullish on tata powertata power can be a multibagger in coming years with the help of the recent electricity amendment bill and privatization of power units the stock fundamental can grow exponentially and so will the share prices.
The current central government is trying to pass this bill soon and whereas another reason for the share price to grow is the EV vehicles . In India EV vehicle usage is goona go tremendously through which all the charging units in the country will be managed by TATAPOWER.
lookout at the fundamental potential and buy it!
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...
May be We can Short sell Tata Power if May be we can Short SELL Tata Power in Tomorrow's Market if it crosses the level of Rs.138.75
if it crosses Level of Rs.138.75
then the
1st Target Price :- 137.30
2nd Target Price:- 136.40
this is not a trading call
i am beginner trader just sharing my thoughts
if i am wrong in this Technical Analysis then please tell me whats wrong in this.......
Thank You in Advance
FY21-22 Swing Trade Idea #181: Long on TATAPOWERThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Tata Power, for Targets of 1501. After accumulating for almost 20 days, the stock is forming it’s base at ₹130 (Decade old highs).
2. With the ongoing policies of the government pertaining to power sector to streamline DISCOMS, and push towards electric cars, will impact the performance of the stock positively.
3. Increased infrastructure in states like Jharkhand and Odisha will also give it a natural lead.
4. It’s pact with Japanese company for lithium ion batteries has strengthened its core.
* it is also in race for the tender of providing electricity to the state of UP
Tata PowerTata power, daily macd indicator has given positive crossover and that also above zero line, it looks like the stock has started wave (5) of 3. as of wave (5) unfolds, the stock can possibly rise higher to 140, 146, 151, 160, and 171 levels. one can go long at these levels or in dips (if any opportunity) price can dip towards green box buying zones mentioned on chart with stoploss of 121.
wave structure could be like this
key levels are mentioned on chart
macd in daily pco above zero line and uptick
rsi in daily is uptick and above 60
price above med.bollinger
dmi and adx positive
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing