TATAPOWER trade ideas
Tata Power Co Ltd. - Weekly Chart AnalysisThis weekly chart of Tata Power Co Ltd. outlines a potential bullish setup with Fibonacci retracement levels indicating crucial areas of support and resistance. The trade details are as follows:
Entry: Around 424.80 INR
Target: 450.55 INR (Potential upside: 5.95%)
Stop Loss: 403.00 INR (Potential downside: 5.14%)
Risk/Reward Ratio: Approximately 1.16:1
The price is currently navigating through a consolidation phase, with a potential for an upward breakout as it approaches key resistance levels near 450 INR. The Fibonacci levels suggest the possibility of a strong move towards the 1.618 extension at 563.30 INR if the breakout sustains. This setup presents a moderate risk/reward ratio, making it suitable for traders looking for short-to-medium-term opportunities.
TATA Power Swing TradeTata power is trading at bottom of channel. Showing reversal sign.
One can look for swing trade here with target of 465, and breakout of this channel may trigger bull run.
Place SL below Channel on daily basis.
RR Reward is favourable
Company is fundamentally fair valued.
Disc - Please consult your advisor before taking any trade.
TATAPOWER-P-1 Near and medium term View-Accumulation & breakoutTata Power (CMP: 392.10), is fundamentally strong counter, has shown muted profit in this quarter Q3FY23-24.
Accumulation:
Should be accumulated in every dip, the level to keep in mind is as below
Accumulation Zone : 395-372; Strict Stop loss : 364 on closing basis.
Violations of Rs. 364 will further break the script to Rs: 300
Breakout:
Breakout above 415 on closing basis with good volumes and will take the script to Rs. 485.
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
Tata PowerStock is in uptrend from 365 levels since 13-March-2024 and reached life time high of 463 by 03-May-2024.. very good rally of 98 rupees with in 50 days. Now the stock is consolidating between 427 and 450 levels
Stock will touch 464 levels from here but i suggest to accumulate near 430 levels and wait for the target. Fibonacci level are suggesting the first target is 464 and second target is 486 and Third target is 510
on the down side the stock is having great support at 398 but this level is unlikely to come unless there is a big fall in the broader markets. if this level is broken then the next accumulation zone in above 385
Tata Power Company Ltd
TARGETS GIVEN IN CHART - SL 183
FOR LONGTERM
FUNDAMENTALS
Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh EV charging stations by 2025
Market Cap
₹ 78,478 Cr.
Current Price
₹ 246
Stock P/E
23.4
Book Value
₹ 90.1
Dividend Yield
0.81 %
ROCE
12.4 %
ROE
12.6 %
Face Value
₹ 1.00
Promoter holding
46.9 %
EPS last year
₹ 10.4
EPS latest quarter
₹ 3.04
Debt
₹ 52,923 Cr.
Pledged percentage
1.40 %
Net CF
₹ 1,243 Cr.
Price to Cash Flow
11.0
Free Cash Flow
₹ -447 Cr.
Debt to equity
1.84
OPM last year
14.0 %
OPM 5Year
15.9 %
Reserves
₹ 28,468 Cr.
Price to book value
2.73
Int Coverage
2.23
PEG Ratio
0.52
Price to Sales
1.41
Sales growth 3Years
23.7 %
Profit Var 3Yrs
133 %
TATAPOWER- Analysis Recent correction in the stock can be used to add more quality or make a new entry .
Stoploss of closing below 410 (small stoploss) for 2-3 days or 372 or 333 use as per your risk management
Safe buy if closes above 453
Targets around 488 , then 527 and may be 565
Please do your due diligence before trading or investment.
*Comment or message me if you wish to see my analysis for any stocks.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Tata Power 13MarchIf Tata Power's stock price surpasses the threshold of 396, there is an expectation or speculation that it might experience a decline. This could indicate a significant resistance level or a point at which investors believe the stock has become overvalued, prompting selling pressure and a subsequent decrease in its price. Investors may interpret this as a signal to potentially sell their holdings or refrain from buying further until the price stabilizes or retraces to a more favorable level. Such movements in the stock price could be influenced by various factors, including market sentiment, company performance, industry trends, or broader economic conditions.