Tatapoweridea
Tata Power - Near Strong Support412-410 Temporary support
402-400 Strong support
Expecting stock to come near 400 levels before turning around and turning bullish
Stock may pause a little before turning
Any close below 398 will negate the view
Expect at least 450+ as 1st target and 490 second if plays around well
Trade cautiously
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.
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 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.
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.
SHORT between range 250-260. Target and Reasons belowTechnically @tatapower is showing many bearish signals at a higher timeframe. There are significant confluences in the range of 250-260. Reasons I would look for a short:
1- Looks like a class book pattern -Wycoff Distribution pattern(Currently in phase B later half end, so we maybe we see 250-260 first)
2- It is in the 5th wave according to Elliot wave theory when the complete chart is observed. (Usually followed by elongated periods of sideways or a good correction.)
3-Also looks like a classic head and shoulder pattern wherein the right shoulder could be forming here, so a move to the 250-260 region.
My target for the short is 130-160 . Also, a move to 80 could be seen, depending on price action and market demand at those regions.
A good stop loss would be above 301 , but also 281 could serve the same depending on price action at 250-260.
Will follow up with updates on this.
Tata Power : Play for a 20% upsideTat Power:
On Weekly Chart:
1. Pin Bar at crucial 65EMA (Bullish Set-up)
2. Breaking in horizontal Channel having targets towards upper band of the channel
On Daily Chart:
1. Spent 5 days at around 233EMA (We can consider it as a base)
2. Wolfe Wave establishes if trades and closes above 214. It has a TGT of 255 (Around 20% upside). Please refer Pink Line
3.
Simple Trade Setup | TATAPOWER | 02-05-2022 [INTRADAY]NSE:TATAPOWER
Observations:
1) On 1hr time frame, we can see triangle pattern. And it closed below 244-245 crucial level.
Immediate support is at 240 level.
Please refer below chart : 1hr time frame.
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Trade Setup for 02-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAPOWER | 24-03-2022 [INTRADAY]NSE:TATAPOWER
Observations:
1) On 1day time frame, it has formed kind of double bottom / W pattern.
Major breakout level is 235.
Please refer below chart : 1day Time Frame.
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Trade Setup for 24-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Power: Sector: Power - Generation & DistributionTata Power Company Ltd is India`s largest private sector power utility with an installed generation capacity of over 2785 MW. The company has emerged as a pioneer in the Indian power sector, with a track record of performance, customer care and sustained growth. Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro, solar, wind and liquid fuel), transmission and distribution.
CMP: 233.10
Target : 266
Breakout Trend line. and also has support on 200. complete Elite wave theory. Company plan to complete renewable source within 2024 itself to chances to profit more.
Important Note: The content Provided in our ideas only educational purposes. Please do not consider this as a financial Advise. You must consult with your financial advisor before Investing.
Tatapower breakout buy @230Hi guys, I hope you all are doing well.
Tatapower has given a breakout of the upper resistive trendline and all together a breakout of the symmetrical triangle pattern which also looks to be a part of a bigger flag & pennant pattern.
Buy above - 230
Targets are mentioned in the chart above
The best part is that cnxenergy has recently given a breakout after a long period of consolidation from it's flag and pole pattern.
Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]NSE:TATAPOWER
I am posting this as one of the follower on twitter requested.
Observations:
1) On 1day time frame, it is now back above 21DMA.
Major support is at 220 level.
And if it sustain above 21DMA then we can see upmove to continue.
21DMA is placed at 231.42 level range. Which will work as immediate support.
Today's volume was slightly lower than yesterday.
Please refer below chart : 1 day Time Frame.
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Most of the levels and trade setup remains same.
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAPOWER | 15-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On Daily time frame, it has been trading above 10DMA. 10DMA is placed at 231.89 level.
Immediate critical support range is 230-235 level range. Breakout level is 250 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATA POWER: Powering on...After touching high of 267, the price retraced to 201. After a tight consolidation we now seen an upward movement. Initial target is 268, after which the price can touch 297.
Around 297-300, I feel the momentum might slow down and extreme caution is to be exercised in case of new positions, since the stock has already given a substantial move. However, I am bullish on this stock over long term and I personally hold them with a long term view.