TATA POWER CO LTDPanjang
Tata Power Company Ltd - Breakout Opportunity
Date: 14-May-2024
Rating: Buy - Positional Trade
LTP: Rs. 430.35
Targets: (1) Rs. 464 --> (2) Rs. 506
SL: Rs. 385 on daily close basis
Technical View:
•TATAPOWER is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 464.20 on 3-Mar-2024, it has retraced 15% to 396.55 level.
• On 14-May-2024,TATAPOWER has broke out from its secondary down trend with high volume.
• RSI has corssed 50 and is trading at 52.70.
• MACD is trading at 3.14.
• 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. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 430.35
Targets: (1) Rs. 464 --> (2) Rs. 506
SL: Rs. 385 on daily close basis
Technical View:
•
TATAPOWER is in its primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 464.20 on 3-Mar-2024, it has retraced 15% to 396.55 level.
• On 14-May-2024,
TATAPOWER has broke out from its secondary down trend with high volume.• RSI has corssed 50 and is trading at 52.70.
• MACD is trading at 3.14.
• 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. Ideas are published for learning purpose only.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.