TATA POWER - Short & Long Term View- Wave Analysis

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
Chart PatternselliotwaveanalysisTATAPOWERtatapoweranalysistatapowerlongtermviewTrend AnalysisWave Analysiswaves

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