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Tatapoweranalysis

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
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
#TATAPOWER: Falling Wedge Formation with Possible Breakout TATAPOWER, a stock that has been forming a falling wedge pattern with potential breakout and reversal levels. As you can see from the chart, #TATAPOWER has been forming a falling wedge pattern, with the price oscillating between two downward sloping trendlines. This can be a bullish signal, as the stock is trading in a contracting range and may be preparing for a breakout to the upside. A breakout could occur if the stock closes above the 210 level, which would indicate a potential reversal in the short-term downtrend. It's important to keep in mind that a breakout is not guaranteed, but it's worth keeping #TATAPOWER on your watchlist to see how the stock performs in the coming days. In terms of support levels, there are two key levels to watch: 188 and 177. If the stock breaks below these levels, it may indicate a continuation of the downtrend and could lead to further downside. However, if the stock does break out above 210 and shows a strong close above 208, it may be a good opportunity to buy the stock. There are potential targets for the stock at 233, 250, and 270+. In summary, #TATAPOWER has been forming a falling wedge pattern with potential breakout and reversal levels. It's important to monitor the stock closely and wait for a strong close above 208 before considering a buy.
NSE:TATAPOWERLong
by Jha_Nidhi
TATAPOWER- WEEKLY TIME FRAME SETUPThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. if fundamentals are really positive and good we can anticipate this move. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:TATAPOWERLong
by Tradelikemee
TATA POWER Trend AnalysisMassive fall ahead! Weekly RSI shows strong bearish divergence which conveys that the breakout was a fake out to form a bull trap. Most of the TATA's & Adani's stocks rallied too far because of the Green Energy & EV hype. Being highly overvalued, needs a big correction. Its fundamentals are concerning. Not much fuel left for NIFTY ENERGY to move upside, expecting the peak to be around 32000 level. FIIs & DIIs are reducing their holdings. I have highlighted the key support levels for short term swing trade opportunities around 175 & 110 levels. Expecting the bottom to be somewhere around 70-80 levels where the red trendline resistance may act as support. This much for now, will update more in future as chart unfolds. Do your own due diligence before taking any action. Peace!!
NSE:TATAPOWERShort
by Swastik24