Breakout after around 9 yearsTata Power is giving a breakout after 9 years. The volumes are good in comparison to previous time when this price was reached. We can buy it here with SL of Rs105. It might have a huge potential to price appreciation.
TATAPOWER trade ideas
Swing Opportunity in Tata PowerGo Long above 115.1 for Targets of 121.9, 128.7, and 135.5 with SL 108.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
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🔰targets are 130 NOW, whoever took it on supports and made their good positions there, trail and hold tightly ;) 🔥
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#TATAPOWER FORMED INVERSE HEAD AND SHOULDERnice pattern and my view for it is upmove and trade accordingly
Thanks
tata power just crossed its resistance level and if it opens above the line tomorrow we can expect good move in the stock
TATA Power – Range Breakout above 108 else Sideways to BearishTechnically Stock had crossed Bearish Trend line around 78 on monthly Chart after same we saw huge Upside within 2 months time frame.
Next Trend line is around 108 if crossed more Upside can be seen. Else Stock can go Sideways to Bearish
Buy above 108 only for Target of 141
Fundamentally Co has 44k Crs Debt vs 21k Crs Reserves.
Annually they are paying 4.2k Crs Intrest and have just 1.1k Crs worth of Net Profit.
It will take 44 years to Pay back there Debt.
If for any reason there Top Line reduces even by small % like 10% then Co is in Deep Trouble.
Hence use this Script for Short term trading only.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
TATAPOWERTATA POWER : POSITIONAL THOUGH NOT PERFECT ,LOOKS GOOD CUP AND HANDLE BREAKOUT LONG ABOVE 115.35 WITH STOP LOSS 110 , ALSO SUPPORTED BY GOOD VOLUME .
#Tatapower cash : Looks good above 115.10#Tatapower cash
07.06.2021
Looks good above 115.10
stoploss 105
Target 128-130/158-160
Cmp 113.35
Tata Power, Ready for Trade As per candle shown Bullish Pattern, so i thinks its right time to trade, Because if you see Adnai Power is trading with heigh amount now, so i think Tata Power will also give good Profit in some days
Tata Power -- Positional ViewTATA Power : Positional
Though Not Perfect, Looks good Cup & Handle Breakout
Long above 115.5 with SL 110
TATA POWER - Swing (Fibonacci Retracement)Stock has risen from Golden Fibonacci Level of 38.2%. If sustains above TL and crosses 111 on Daily candle close then can target levels of 115, 120 and 125
TATAPOWER bullish moveTATAPOWER already broke the tighter resistance line and we see some consolidation too. it also breaking the overall resistance.
stock will move bullish from here.
with target around 114.5.
tata power price action resulttata power price action result : triangle pattern breakout after retest and boom exact target where the rally STOPS.
Tata Power - Potential multiyear breakoutTata Power looking strong above 115.
Target - 135/160
SL - 90
Note: For educational purpose only
Tata Power_5%Up_On the verge of breakout!It has been in he good momentum.
If closes above 115, then it may go to 140+
Keep an eye, Could be turnaround story (especially with its Solar Power Production capability)
Disclosure: Invested
