TATA POWER - Short & Long Term View- Wave Analysis

15 Des 2024

TATA POWER CMP: 428.45; RSI: 50.05

TATA Power in Primary bull cycle & in mid of impulse wave-3 in weekly chart basis. This, Primary Impulse wave-3, should take the price to levels of 646 (1.618x) in next 8-10 month of time frame. While wave within the wave, on shorter time frame, on daily chart frame, its middle of intermediate corrective wave-4, which may retrace the price till 365 to 330 levels in coming 3-4 months.

• Value Buy level : 330-365;
  
• Accumulation zone: 330-390;
  
• Mid term target (Q1 FY: 25-26): 600-650
  
• Long Term Target ( 3-4 Yrs): 850-900
  

13 Jan

Trade aktif

Intermediate corrective wave-4, is in play and as suggested earlier on 15th Dec 2024 the script will further breakdown till 330 odd levels. Wait for market stabilization before making fresh position

2 Feb

Catatan

Good Buy For a long term. As suggested earlier its good time to accumulate.