Date : 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...
TATA 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 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...
