Tata Power Company Ltd. - Positional Trade
Date: 18-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER is in its primary uptrend since Oct-2023.
• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•TATAPOWER has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
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.
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER is in its primary uptrend since Oct-2023.• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•
TATAPOWER has broke out from its secondary down trend on 18-Mar-2024.• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
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.
Trade chiuso manualmente
7-May-2024--------------
Broke down the secondary trend line. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 436.40
P&L: +11%
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.