Buy Tata Power Short Term Trading Advice by Goodluck Capital
Buy Tata Power
Buy Range- 440 - 445
Target- 465 - 475
StopLoss- below 420
Potential Return- 5-7%
Approx trade duration 14 - 15 days
TATAPOWER trade ideas
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.
TATAPOWER IMPORTANT LEVELtatapower I think long run is over stock feeling tired stock many time bounce on trendline 362 is more important level for stock if hold 362 I will stay if break 362 on strong daily candle stock should be bearish for short term
simple price action no indicator if you need to view on any stock comment stock name and buying price holding period
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Tata Power: Solar Power Play with Short-Term Headwinds
Government Tailwinds for Solar
The Indian government's PM Surya Ghar Yojana scheme presents a significant opportunity for Tata Power.
This ambitious plan aims to install rooftop solar panels in 1 crore homes, creating a massive demand for solar modules (25-30 GW).
Tata Power's Strategy to Capture the Opportunity
The company plans to capture a significant portion (5-6 GW) of this demand, translating to a potential business opportunity worth Rs. 8,350 - 10,000 crore over the next 3 years.
To achieve this, they aim to increase their market share from 13% to 20%.
They're building a solar cell and module manufacturing unit in Tamil Nadu to meet the expected surge in demand.
Leveraging their existing network, Tata Power also plans to double its channel partners to ensure wider distribution.
Short-Term Headwinds
Despite the long-term opportunity, Tata Power's recent Q4 results missed analyst expectations.
This might lead to a temporary dip in the stock price.
Potential Buying Opportunity
A "buy on dip" strategy with a 2-3 year holding period could be considered.
The current support level is around Rs. 395-400. A break below this could see the next entry point at Rs. 380.
Important Disclaimer
This is not financial advice. Please do your own research before making any investment decisions. Consider consulting a financial advisor for personalized recommendations.
Tata Power takes support Tata Power gets support of rising trend line... And in 1d chart , that's give a hammer candle..., bears cannot dump it more.. , closing inside the trend line...
C wave of a complex flat in actionWe are seeing a wave C (impulse crashing down) which comes after an extended B wave of a complex flat . Complex flat,,,,, is a flat in the first phase is a flat (a) , then goes a corrective wave higher . Then comes crashing down as an impulse wave . Always remember if it does not look like an impulse , it is not an impulse . Regards
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.
TataPowerTata power on large timeframe is showing sign of heavy consolidation, some early signals are suggesting that it is rather a accumulation then distribution. Stocks is making Lower highs with slightly higher lows base formation on weekly timeframe.
Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout may be soon coming here as price has compressed heavily.
Keep this in radar.
Tata power seems to get towards new targetsTata Power appears to be moving towards a new target of 4%, with a possible second target of 7-8%.
breakout stocks tata power is trading near BO and once increase volume it can fly , as per current volume it will consolidate for a week
Tata Power on the Verge of Another RallyThe stock price pulled back slightly after reaching an all-time high (ATH) of Rs. 444.
The decline in trading volume during the pullback suggests a potential reversal in price.
The stock appears to be forming a descending triangle pattern
The formation of a doji candlestick near the support level, combined with the 11-day EMA and the 0.236 Fibonacci retracement level, suggests the pullback may be nearing its end.
TATAPOWER bullish; above 440? - Thursday 18th Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Tata Power - Upward TrendTata Power is in Upward Trend since 18jan, making HH and HL.
Made Bullish Engulfing Pattern at 4hr time frame on 14mar, following 9EMA rule too.
Chances of going up in next week.
For my learning and digital records purpose only!
TATA POWER abcd pattern active on long sideTata power has good fundaments
good to buy in higher highs structure
target on monthly TIMEFRAME 441
stoploss is previous swing low
entry should be on pullback
best entry possible if stock gives correction till in 289 to 300 zone
tatapowerstock : tatapower
trade : long (cash segment)
buy @ 438 above
sl @ 434
target 1 @ 444
target 2 @ 460
note :
this information for education only
Tata PowerTata Power after good uptrend stock went into Acuumulation & Distribution after that it gave good breakeout any retest level for this stock can be good opportunity to trade this stock
TATAPOWER TATAPOWER IS Always Golden Stocks for investers,As per flag pattern this stock Target is 425 in recent swing break 265 to small correction after boom 🔥🔥🔥
TataPower projection for coming weeks 11-04-2024I have analyzed the Tata power in daily and weekly and found these green line will be target. I have used trend, Candles stick & waves. Trend is quite strong now.
Tata Power Long : 7-8 monthsSuggesting Tata Motors as All time high has been broken after retesting once, Fundamentally the stock has been performing well and The whole Tata Group is gonna take a boost.
Tata Power Breakout Potential BreakoutTrendline Support
Crossed Support Levels
Above 200 EMA Hourly Basis
Powerful breakout Possible
Tata power vcp breakoutStrong RS on daily and weekly charts
Price and volume compression on right side
SL 387.5 buy near 407
TATA LONG RUN NSE:TATAPOWER
Long to go
Nice support and touching 50 moving average
Nice buy signal !!!
