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TATAPOWER trade ideas

TATA Power breakout, new targets as per Elliott waveTATA Power has finally given breakout by closing above 464.2 which has been the LTH since long. This is a sign that consolidation phase is over and new targets are open. Had this closing come yesterday with monthly closing it would have been an icing on the cake. Now with tomorrows weekly closing if it remains above today's low and close higher than 465 we can probably consider it is not a fake breakout. As per Elliott wave we must be in the past impulsive wave 5 (in blue) and within that we must be in the wave (iii) in green. Target for this wave 3 can be around 511+. I am considering it will close around 522 due to upper resistance line but if it crosses the channel then we will have to redraw the waves. For now assuming it will move all inside the channel the possible wave projection is drawn on the chart in green. The final target can be near to 560. ** This is not a trade advice, please do your own analysis before taking any trade and keep trailing stop loss.
NSE:TATAPOWERLong
by brainyAccount81243
2
Tata Power Company Ltd - Breakout OpportunityDate : 31-Jul-2024 LTP : Rs. 453.60 Next Resistances: (1) Rs. 464 --> (2) Rs. 521 --> (3) Rs. 613 SL : Rs. 412 on daily close basis Technical View: • NSE:TATAPOWER is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 464.20 on 3-May-2024, it has retraced 20% to 371.65 level. • On 31-Jul-2024, NSE:TATAPOWER has broke out from its secondary down trend with higher than average volume. • NSE:TATAPOWER is trading above 21 DEMA, 20 DMA and 50 DMA. • RSI is trading in buy zone at 60.81. • MACD is trading at 1.24. • 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. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:TATAPOWERLong
by vikrant_252
5
TATAPOWER bullish; above 465 ? - Thursday 1st Aug. TATAPOWER: Bullish if ~13-week long resistance is broken on good volumes. The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to 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 stage to enter into trade , to book high profits in the 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.(another 2-3%) Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is kept open, 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%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
NSE:TATAPOWERLong
by JJ_Breakouts
TATA POWER trend line channel TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come. TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be 425-430. As the election result date is also approaching so we can also see a channel breakout depending on result euphoria. If it fails to cross 464 then it can make a down move towards channel bottom line with target of 416, until 497 is protected TATAP is in uptrend. * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
NSE:TATAPOWER
by brainyAccount81243
TATA POWER FOR 465+Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India. It proudly stands as part of the illustrious Tata Group. Tata Power boasts an impressive installed electricity generation capacity of 14,707 megawatts (MW). In past few weeks stock has consolidated and now I m expecting a bullish rally in this stock. NSE:TATAPOWER CMP : 446 SL : 424 T1: 464 T2 : 480 : T3 : 495 Note : This is not stock recommendation this is only for educational purpose.
NSE:TATAPOWERLong
by rohanbangad
TataPower: Trendline Breakout for All-Time High with Volume Bui#TataPower: Trendline Breakout for All-Time High with Volume Buildup Tata Power is showing a promising setup for a Trendline Breakout to reach an All-Time High, supported by strong volume buildup. Key Metrics: P/E Ratio: 42.10 Revenue Increase: 8% QoQ EBITDA Increase: 6% QoQ Upcoming Results: 6 August 2024 Price Targets: First Target: 472 Second Target: 515 Third Target: 590+ Stop Loss: 410 The combination of strong financial performance and technical indicators suggests a potential upward movement. Keep an eye on the upcoming results for further insights. 📉 Disclaimer: This information is for educational purposes only. Traders should conduct their own analysis and consider their risk tolerance before making any investment decisions. #StockMarket #Investing #Finance #Trading #StocksToWatch #TechnicalAnalysis #MarketUpdate #BreakoutStocks
NSE:TATAPOWER
by financebysujit