TATA POWER - Short & Long Term View- Wave AnalysisTATA POWER CMP: 428.45; RSI: 50.05
TATA Power in Primary bull cycle & in mid of impulse wave-3 in weekly chart basis. This, Primary Impulse wave-3, should take the price to levels of 646 (1.618x) in next 8-10 month of time frame. While wave within the wave, on shorter time frame, on daily chart frame, its middle of intermediate corrective wave-4, which may retrace the price till 365 to 330 levels in coming 3-4 months.
Value Buy level : 330-365;
Accumulation zone: 330-390;
Mid term target (Q1 FY: 25-26): 600-650
Long Term Target ( 3-4 Yrs): 850-900
TATAPOWER trade ideas
TATA POWER - TRENDLINE RESISTANCE - 2HR CHART.Tata Power has given Breakout of the Trendline, crossed 13ema, there is probability of going up.
It may re-test before the reversal. It has reversed from an old support.
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A Good Bounce Can be Seen from the recent support zone.A Good Bounce Can be Seen from the recent support zone and the price has also broken above the resistance trendline with some good bullish momentum, and sighting the current changing market condition this can be the just right time to buy tata power in my opinion and we might see the resistance being broken this time after several failed retests.
this dip will be an opportunity Tata Power CMP 414
Elliott- there is one more wave C down of the double corrective pattern zig zag still due.
Fibs- 370 and 343 are the two zones to look for reversal. Fib ext too has the similar zones.
RSI - break of support at 45 is negative. the oscillator was in the bear zone while the stock made new highs is again negative. It will continue to fail below the averages.
MA- The rallies are failing below the averages. That's weakness.
Conclusion - this stock is in a strong bull trend and this dip will be an opportunity to buy this counter.
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
TATAPOWER 1D TFNSE:TATAPOWER broke a trend line and is moving around a demand zone. The market need strength to break this demand zone hence waiting for the entry is good. If the market breaks the demand zone with a good candle or if a retracement occurs the entry could be taken.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
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.
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
Tata Power Co - 1D TFNSE:TATAPOWER has been trading near a trend line for a long time as you can see the chart. As Nifty is also in a downtrend in a 1D TF, there is a possibility that this stock could go down. With a proper volume and confirmations this stock could be traded for a good R:R.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:TATAPOWER
Medium term trading opportunity in Tata Power for huge upsideHi,
NSE:TATAPOWER has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Tata Power- Green energy play - Buy Above 470. SL- 440Tata Powe r seeks over 3 GW of wind turbines for its hybrid energy facilities, with potential orders exceeding Rs 21,000 crore. Company aims for 20 GW capacity by 2030, as Tata Power shifts towards 100% clean energy by FY45.
If you observe the stock consolidated for 6/8 months and gave a darvax box breakout. The stock is now retesting from the same levels.
One can enter above 470 for targets of 530/600/650 with stop loss of 440
Disclaimer : Please do not treat this as Buy/Sell Recommendation
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