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.
TATAPOWER
Tata Power Company Ltd - Breakout OpportunityDate : 14-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 430.35
Targets: (1) Rs. 464 --> (2) Rs. 506
SL : Rs. 385 on daily close basis
Technical View:
• NSE:TATAPOWER is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 464.20 on 3-Mar-2024, it has retraced 15% to 396.55 level.
• On 14-May-2024, NSE:TATAPOWER has broke out from its secondary down trend with high volume.
• RSI has corssed 50 and is trading at 52.70.
• MACD is trading at 3.14.
• Looking good to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Tata Power Company Ltd. - Positional TradeDate : 18-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 392.75
Targets: Rs. 475
SL : Rs. 365
Technical View:
• NSE:TATAPOWER is in its primary uptrend since Oct-2023.
• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
• NSE:TATAPOWER has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
TataPowerTata power on large timeframe is showing sign of heavy consolidation, some early signals are suggesting that it is rather a accumulation then distribution. Stocks is making Lower highs with slightly higher lows base formation on weekly timeframe.
Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout may be soon coming here as price has compressed heavily.
Keep this in radar.
TATA POWER 410 CE OptionsConsolidation after a downtrend.
Trend change contender.
Waiting for upward trajectory to begin.
Tata Power For Swing/Positional Tata Power Prediction for Swing/ Posional Trading
Breakout at entry 1 (250) level. You can enter into trade at CMP or after 260.
Sls- according to you RRR.
Targets- 260,275,285,292,308,325,335,360,385,415,440,465,490,515,545,570,595,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About Tata Power –
Tata Power Co., Ltd. engages in the provision of power supply and transmission charges. It operates through the following segments: Generation, Renewables, Transmission and Distribution, and Others. The Generation segment consists of generation of power from hydroelectric sources and thermal sources from plants owned and operated under lease arrangement and related ancillary services. The Renewables segment includes generation of power from renewable energy sources. The Transmission and Distribution segment involves in the transmission and distribution network, sale of power to retail customers through distribution network and related ancillary services. The Others segment refers to project management contracts/infrastructure management services, property development and lease rent of oil tanks. The company was founded on September 18, 1919 and is headquartered in Mumbai, India.
TATA POWER CO LTD.Good Buy in TATA POWER
Best buy : In the range of 205-210.
For the Targets of : 215/230/250/280 +++++
Stop Loss : 195
Reason to Buy :
1: Good Support form the Demand Zone of 200-205
2: Break out of Falling wedge pattern.
3: Good Risk to Reward Ratio.
Thanks
Note:
This idea is only for the Educational purpose. Tarde at your own Risk.
If you like the idea plz do like & support.
Tata Power Company Ltd - Mid & Long Term OpportunityDate : 15-Feb-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 378.85
Targets: (1) Rs. 412 --> (2) Rs. 448 ++
SL : Rs. 354
NSE:TATAPOWER - With due focus on renewable energy sector makes it a good prospect for investment.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Tata Power v wave pendingTata power may have made a short term bottom today at 313. now it can do 2 things:
First it can directly go high from here to 383-85 levels keeping stop loss at 302 below closing..
else it can waste some time here & consolidate in this range for sometime then go higher..
either way good to buy near 315-20 zone keeping 300 below closing as stop loss.
TATAPOWER - Weekly Chart Analysis, CMP-357.75After the long cup with handle pattern breakout the stock is still rallying and we expect a small base formation of few weeks or a retest of some kind. So would suggest to wait for more confirmations and price action in the near future. Power sector on the overall is hot and strong.
278-298 shall act as an initial support for it but 246-267 would be the main support which is almost 30% south from the current levels. But on a weekly TF we shall give it enough room for the movement. Below this our view gets invalid.
432 - 453 - 527 - 587 - 620 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
SELL TATAPOWER AT TOPTata Power got rejection and formed a resistance zone @ 330 - 340. Until it sustains above 350, the stock will remain weak and we are looking forward to see downward targets.
Take sell trade between 340 - 330 with the SL of 365, Targets for downside will be 285 and 260.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
TATAPOWER - WatchTATAPOWER - The chart is in Weekly Time Frame.
Based on today's close - 298.6 is close to the top during Apr 2022.
We can see two patterns.
One - Double Top
Two - Raising wedge.
However stock has been on a strong uptrend from the past couple of weeks.
Its above all indicators and Moving averages on Daily, Weekly and Monthly time frames.
Add to watch list - see if we can make something from Dec 300 PE.
TATA Power: Bullish Flag Breakout awaitedTATA Power has given breakout (near Rs 80 range) on a weekly time frame "couple of months before". This breakout took time of around 12 years.
It has already RETESTED its weekly support.
There are some fundamental news also floating around.
* Electric Vehicle Boom Era and Green Energy: Its management is working hard to replace it's thermal power plants to the "Fully Green" power generation power plants, so that it won't miss the upcoming boom. It is also working to provide Electric Vehicle charging stations to more and more cities.
Etc.
I am expecting a breakout due to "bullish flag" chart pattern. Remember, the daily candle is invalid if it has more wicks and less body, and it must close higher than the resistance line. Entry can be made after 3:00 PM when the daily candle is nearly closed. SL can be placed below the low of "breakout candle" or below the previous support.
I'll update SL and Target after the breakout.
Disclaimer: Please do your own research before jumping into the trade. Till that, just be a spectator and evaluate how the prices move after the breakout. I already have open positions which I'll hold or exit at my SL.