TATAPOWER trade ideas
TATA POWERTATA POWER has successfully broke the weekly resistance.
currently waiting for pullback for entry.
Tata Power getting readyHello Friends,
Your favorite Tata Power getting ready for rally. Above 215 , good move expected.
TATAPOWER may go to 370 !!As per my analysis., TATAPOWER can be added for investment
Buy zone CMP to 280 with SL of 260 with day closing.
First Target will be 370
intermittent levels - 280, 314, 332, 351, 369, max will be 385.
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
breakout in TATAPOWERTATAPOWER is great stock with good business and is currently trading at great levels.
price is giving a breakout with strong volumes of its ATH after consolidating in a range for 1 year.
if price sustains and gives a small retest can be a good long opportunity.
TATAPOWERwe are looking TATAPOWER bullish move.
Disclaimer:
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Tata Power Bullish Tata power completed a downside round pattern.
It may go for 15% approx. positive in short term.
Tata Power: Powered enough to BO?The counter looks powerful, a close required above 277 with good volume to confirm the CnH BO, the stock first target can be the ATH and then the it may go berserk.
Up trend resume.
In this stock we see Wave 1 and 2 are completed and third wave is begin. The entry level in this stock is when a price closes above the high of Wave 1. With this we can see that volume is also confirming the price movement with increasing in volume. So there are chances that stock resume its uptrend after a long consolidation. one of the best stock to have in portfolio.
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.
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.
TATA Power longIntraday long for target 77 .If close above 75 positional buy for the target (first target 80 ,second target 83 )
tata power ascending triangle breakouttata power ascending triangle breakout with volume higher volumes above 20 sma.
Tata Power - Elliott Wave CountTata Power - Elliott Wave Count
Tata Power seems to have completed its correction and is now on an upward impulse wave with a target of 280 and beyond. However, if the market breaks below 230, this view will be invalidated.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:TATAPOWER BSE:TATAPOWER NSE:TATAPOWER1!
$TATAPOWER - Cup with handleAs seen on the chart, NSE:TATAPOWER has formed a nice U-shaped Cup,
The stock was in an uptrend before forming Cup (up 27% recent bottom)
Took 51weeks to form the complete pattern.
47 weeks for Cup with a correction of ~25%
4 weeks for Handle with a correction of ~6%
Volume dried up during the first part of the cup.
But was good when coming out of the cup and also at the BO of the handle.
There is a high probability that this pattern will be successful.
With regard to recent results,
Total revenue was INR ~15000 cr, 2% Y-o-Y and 18% Q-o-Q.
EBITDA at 3005 cr, 43% Y-o-Y and -3% Q-o-Q.
PAT at 1141 cr, 29% Y-o-Y and 22% Q-o-Q. (after exceptional items)
15 consecutive quarters of PAT growth (Y-o-Y)
NSE:LEMONTREE 's pattern is still in progress
Disc - invested, for educational purposes only
TATAPOWER
Should we witness a breach of the flagpole at the 260 level?
The next target to aim for would be the Fibonacci level at 265.
In case the Fibonacci level remains unbroken, the lower support at 261 becomes significant.
In such a scenario, the formation of a Head and Shoulders pattern could be imminent.
TATAPOWERNSE:TATAPOWER
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at all time high.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Swing Trade (Tata Power)The price shows correction of almost 10 % since its new all time high. market could possibly reverse from the marked area till its target.
Confluences to support idea.
* Daily time frame looks bullish as its taking support on 50 Ema.
* Psychological level 250.
*FIb retracement 0.618
*Long term Trendline would act as strong dynamic support.
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
For swing trading in Tata powerTata power is luking gud for long with small stoploss.
RRR is gud 1:3
Stoploss is around 246 on DCLBS target is 276
Formation of todays candle is reversal candle but wait for closing the candle.
Stocks take a support arond 254
Tata power ready for Downtrend For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
