As seen on the chart, 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)
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