Tatapowerlongtermview
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.
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 (Long)Tata Power (Weekly):
1. Formation of Penant on bigger time frame
2. Consolidating at 38.2 levels
3. Taking Support at 5 Weeks Exponential Moving Average
4. Inside Candle Breakout
Tata Power (Daily):
1. Positive Crossover of 5,13 Days EMA
2. Pennant Formation
Addl Points:
1. FII/FPI have decreased holdings from 11.06% to 10.84% in Dec 2021 qtr
2. Mutual Funds have decreased holdings from 8.30% to 4.48% in Dec 2021 qtr
Note:
The above analysis is for educational purpose.
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.
TATA POWER
Market was showing upside breakout, and did not sustain on that price level, and again came back to the trading channel, So that was false breakout. And you can see the red candle on resistance line, so obvious when we see bearish candle near resistance area, then we obviously view that stock now has bearish sentiment.
Tata Power : The making of a possible multibaggerAn interesting behavioral pattern is in continuous formation on monthly charts of #tatapower
1. Since its listing (available chart data) it remains in a consolidation box for about 1852 days
2.Ending this consolidation phase, it enters a parallel rising channel that spans all along 1248 days
3.After this parallel rising channel it again enters in a massive consolidation box that lives a length of 4566 days
4.Breaking this consolidation phase with a landmark of lowest price in five years it enters in an uptrend where it begins to form yet another parallel rising channel, this parallel rising channel as of today has reached 548 days
5. Since last seven months it has been forming an upward move with a higher low pattern,no low of previous months is broken in any of these seven months
6. Currently it is trading well above all the moving averages (specifically 9, 13, 21, 25, 50, 100, 200, 365 EMA)
7. As of today, the Stochastic RSI is 100.00
8. MACD is in a bullish crossover since Sep '20 and the all green histograms are onto a new peak formation frenzy
9. Since Mar '20 the trading volumes are registering life time high numbers
How often do we find such awesome chart patterns ??
Views and opinions solicited !