Chart of the month. Tata Power (1/10/21)

1. Okt. 2021

This is one of my favorite and i have been recommending this stock from 113. This is my forth buy recommendation. This week, the stock has given a breakout on weekly and monthly charts after 14 years of consolidation. This long consolidation can give tremendous returns. 141.5 was the monthly all time high, whereas, 157.55 was weekly all time high. As per fibonachi, targets are 237, 368, 500 and 580. On weekly charts, the stock has given up flag breakout after trading in range for couple of months. This is a very good fundamental stock too so all the investors should consider this stock for their portfolio. Buy 50% @ CMP and rest 50% around 155.

Targets - 237, 368, 500 and 580 Weekly and monthly.
Time - 1-2 years.
View - Medium to long term.

14. Okt. 2021

Anmerkung

First target hit