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TATAPOWER

Tata Power Co. Ltd. - Technical OverviewTarget Price: ₹560 (As per Nomura's analysis) Price Action: The stock is currently trading at ₹456.90 (+3.54% for the day). It has been in a steady uptrend, following a clear rising channel since early 2024, supported by both the 50-day and 200-day moving averages, which indicates long-term bullish momentum. Key Levels: Support: ₹435.50 (currently a strong support level near the lower trendline) Resistance: ₹507.40 (the recent upper boundary of the trend channel) Target Price : ₹560 (suggested by Nomura) Trend Channels: The stock has formed a well-defined ascending channel , where the price tends to respect both the upper and lower boundaries. Recent pullbacks toward ₹435.50 suggest that the stock is consolidating before a potential bounce toward ₹507.40, and possibly ₹560 in the medium term. Price Momentum: RSI: The Relative Strength Index (RSI) suggests that the stock is not in overbought or oversold territory, signaling healthy price momentum. Volume : Notice the spike in volume during price rallies, reflecting strong market interest and confirmation of price movements. Outlook: Given the current market setup, Tata Power is showing signs of continued bullish momentum within its trend channel. A move beyond ₹507.40 could trigger further buying, pushing the stock towards ₹560 in the medium term. Any price retracements to the ₹435 level can be seen as a potential buying opportunity, given the channel support. Chart Details: Green Lines : Support and resistance levels. Blue Channels : The stock’s rising trend, representing medium-term bullish momentum. Volume: Key volume spikes highlight investor activity during price jumps.
NSE:TATAPOWERLong
by AngshumanSaikia
7
TATAPOWERNSE:TATAPOWER One Can enter now! Or Wait for a retest of the trendline(BO)! Or Wait for a better Risk:Reward Ratio! Note : 1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and thier notifications on your email. Support and Like incase the idea works for you.
NSE:TATAPOWERLong
by CreativeCreature
TATAPOWERwe are looking TATAPOWER bullish move. Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:TATAPOWERLong
by Kaviarasu_Chandrasekar
2
When to sell Tata PowerNamaste! Power stocks and the electric car maker Tesla have sky-rocketed since the Democrats took the Whitehouse in the year 2020. Tesla jumped 1300% (peak) from previous swing low of USD 29. Tata Power jumped 974% (peak) from previous swing low of INR 28. I remember watching an analysis on YouTube, which emphasized that Democrats are more "environment conscious". If they won the election, they will do the Democrat thing i.e. make policies for the benefit of environment. So, power stocks, clean energy stocks (solar, wind) etc. will be benefited. It eventually happened, which can be seen in the prices of Tesla, Tata Power, Suzlon, Adani Power, etc. Suzlon is an interesting case. Like Democrats and their environment policies in the US, India was also following the hype. Suzlon Energy's price increased 1300% (peak) since Nov 2020. There is another reason, based on the shareholding pattern shared by the company on August 14, the promoters of the company held 13.3 percent stake in the company amounting to nearly 180 crore shares, of this stake, nearly 81 percent or 146 crore shares were pledged. Suzlon's promoters released pledge on 97.1 crore shares from SBICAP Trustee Company Ltd. It was another tailwind for Suzlon Energy Ltd. Not a long time ago, we have been listening "electric" everywhere. The hype was great at that time, but soon AI (Artificial Intelligence) stolen the hype. I am not saying electrification will not happen. But, it might take a longer time than the market is realizing. There is one more uncertainty, there is US election in Nov 2024. So now I think it is a good time to book profits in Tata Power. It could be sold at Rs 260. Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.
NSE:TATAPOWERShort
by UnknownUnicorn7637383
TRADE SETUP_TATA POWER_DIWALI SPECIALHappy Diwali to everyone. I wish for prosperity and happiness to all seeing this post. Tata power is seen in an Elliot wave structure on hourly chart. The stock will now look to reach the 260 mark in wave v to complete what it started on Oct. 26th. There is also a reverse head and shoulder pattern developing on the hour chart. The neckline of the pattern is yet to be broken, but chances are high the stock might do it and quickly march upwards to 260 then on. Please note the company had reported a net profit rise of 8%(Y-O-Y) on 8th of Nov. when it announced the results. Note*-Trading is risky and can lead to financial loses. Kindly study the charts and fundamentals of company before taking any financial positions.
NSE:TATAPOWERLong
by neeraj_2_sharma
2
#GMRP_UI GMRP&UI 23 target 35+ GMRP_UI GMRP&UI CMP 23 Target 35 SL 18 RR >2.5 Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:GMRP_UILong
by Rachit_Sethia
10
Swing Buy Opportunity in TATA POWERPlease Refer the Chart of Entry, Target and SL. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:TATAPOWERLong
by rkinspiro1
3
TATA Power Buy SetupIn weekly chart NSE:TATAPOWER has been given a breakout above level of 230.40 and closed above resistance level. In this situation buyer can wait for some price retracement up to level of 225 which could be best entry level to take buy entry with stop loss of 215 (-10 Points risk). My expected upside target would be 235 (+10), 243 (+18) & 247 (+22). This could be more that 1:2 risk reward opportunity. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
NSE:TATAPOWERLong
by thetradeterminal