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Torrentpower

Tata Power for 20% gainsDate: 27 Sept’24 Stock: Tata Power Timeframe: Daily chart Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so). This is not a trade recommendation. Please do your own due diligence.
NSE:TATAPOWERLong
by DhandhaPaani
Daily Bullish Flag Pattern BO in TORRENT POWERIntroduction: Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group – committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables. Subsidiaries and Joint Ventures TORRENT SOLARGEN LIMITED JODHPUR WIND FARMS PRIVATE LIMITED LATUR RENEWABLE PRIVATE LIMITED WIND TWO RENERGY PRIVATE LIMITED TCL CABLES PRIVATE LIMITED TORRENT SOLAR POWER PRIVATE LIMITED TORRENT SAURYA URJA 2 PRIVATE LIMITED TORRENT SAURYA URJA 3 PRIVATE LIMITED TORRENT POWER GRID LIMITED UNM FOUNDATION (FORMERLY KNOWN AS TORNASCENT CARE INSTITUTE) Analysis A Bullish Flag and Pole pattern is visible on the Daily chart of $NSE:TORNTPOWER. The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs. 806-816 levels with the stoploss of Rs. 785 on Daily closing basis for the following targets 826.10, 839.50, 851.55, 864.25, 878.15, 892.35, 908.15 and 929.60. Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:TORNTPOWERLong
by raigvivek
2
'Bullish' on TORRENT POWER for medium termThe stock hit a fresh 52-week high of 610 on 22nd Aug 2022, but failed to hold on to the momentum, falling about 29%. It then took support at the lower trendline of the wedge pattern , gave a confirmed breakout from resistance trendline on 2nd March 2023, thereby bounced back from a 52W low of 430.85 to an intraday high of 550 on 17th Jan 2023, rising nearly 28% . In terms of price action, the stock is trading well above all the short-term and long-term moving averages. RSI(weekly) is at 58 and MACD(weekly) gave bullish crossover above its signal line on 3rd March 2023. The stock is in a very bullish trend, and it's expected that the stock's price may continue to rise towards the assigned targets, with a recommended stop loss of 513 on a closing basis.
NSE:TORNTPOWERLong
by finvestar
1
Torrent Power - Volume Price AnalysisClassic example like shown in Anna Coulling Volume Price Analysis How price completes its trend 1. Buying Climax after a brief uptrend 2. Goes into Range 3. Distribution Phase 4. Creation of New Shorts 5. Start of Downtrend 6. Profit booking Visible Stock slows down post that 7. Climax Volume Reached (Downtrend Stopped) 8. Stock again kept in range (Accumulation) 9. Getting ready for a new upmove Entry only after breakout and pullback Sl below the range 1st resistance for the stock marked Target is the upper range
NSE:TORNTPOWERLong
by Vishy5
Toront power Stand For Upmove in 2hr TFHello, Friends 🤗🤗 This stock is mostly suggested for 15-06-2022 Intraday player's.As we can see that what's happened with Toront power today.In this very bloody market Toront power give us 💪.We are expecting this move will continue tomorrow also. So, we are totally bullish 🧐 on this We will buy when price crosses 474 & substain above with the accurate target🎯 of 479,485.Traders you should add it on your watchlist. Have a nice day traders👍🤗🤗.
NSE:TORNTPOWERShort
by Oceansking
1
Target 2 (49%) achieved in Torrent Power. Target 3 is ON...This is follow-up on Torrent Powers. Can check link to related ideas. Target 2 achieved. More than 49%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TORNTPOWERLong
by MandeepSinghKohli
6
A bull can give power to Torrent PowerA Formation of Bullish Harami can be seen in the Chart of TORRENT POWER at around the current levels of the stock. Thereby, indicating a trend of bullish reversal herefrom. Moreover, currently the stock has a relatively good volume with an RSI of greater than 50. In addition to which, as per the chart, the stock can go up to the level 545 and 549 , where it can face a resistance, while on the downside the stock has a support of 535 and Today’s closing price of the stock is 540.60, dated : 17.11.21 Note : This Analysis is valid for the Next Trading Day only.
NSE:TORNTPOWERLong
by alokdaiya