TATA POWER - Short & Long Term View- Wave Analysis

15. Dez. 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 ist aktiv

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.

Anmerkung

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