Tata Power - Stock Investment Idea Weekly Pick
| Update: Book Partial Profit. We recommended Tata Power on 16th April 2026. The stock has delivered 17% returns in just 15 trading sessions. |
Tata Power is consolidating within a rectangle pattern after correcting to key retracement support. Price stability above trendline, 100-week EMA and VWAP indicates accumulation. A bullish MACD crossover on weekly charts supports momentum recovery, suggesting potential upside continuation towards ₹450–₹500 over the medium term.
Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)
- Current Price: 385
- Buying Price: 370-400
- Target Price: 450-500
- Stop loss: 325
- Upside: 30%
- Time Frame: 3-4 months
Stock Technical Analysis
- The stock witnessed a sharp upward move from the 182 level and made an all-time high of 494.85 in Sep24. After making the high, the stock has corrected and took support near the 50% retracement level
- The stock has taken support at the long-term trendline, which is also merging with the 100-week EMA and VWAP level
- The stock is currently in an accumulation phase, forming a rectangle chart pattern on the weekly chart. However, it has closed with a bullish candlestick formation on the weekly chart, indicating buying interest.
- The momentum indicator MACD has given bullish crossover and has closed above the 0 level on the weekly chart, indicating that upside momentum is likely to continue in the coming days.
Traders can look to accumulate TATAPOWER in the 370-400 zone and expect upside targets of 450-500 over the next 3-4 months, with a stop loss below 325 on a closing basis.
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Know more about Tata Power Ltd.
Website: https://www.tatapower.com/
Tata Power is one of India’s largest integrated power companies, with a diversified presence across generation, transmission, distribution and renewable energy. The company is actively expanding its renewable portfolio, including solar and EV infrastructure, positioning itself as a key player in India’s energy transition.
Tata Power Ltd. Swing Trading – Key Investor FAQs
Overview: Tata Power is showing a strong consolidation pattern with improving momentum indicators. The stock is witnessing accumulation near key support levels, indicating potential upside in the medium term.
1. What is the key chart pattern in Tata Power?
The stock is forming a rectangle pattern on the weekly chart, indicating consolidation before a potential breakout.
2. What are the major support levels?
Support is seen near ₹370–₹400, aligned with the long-term trendline, 100-week EMA and VWAP levels.
3. What does the MACD indicator suggest?
MACD has given a bullish crossover and moved above the zero line, indicating strengthening upward momentum.
4. What is the expected price outlook?
The stock has potential to move towards ₹450–₹500 over the next 3–4 months, depending on market conditions.
5. What risks should investors monitor?
Key risks include a breakdown below ₹325 and broader market or sectoral weakness affecting sentiment.
Before You Trade, Strengthen Your Foundations with These Guides
- For a stronger understanding of indicators such as RSI, VWAP, and trendlines, check our 👉 Technical Analysis Fundamentals section.
- Want to refine your risk-reward planning? Explore our insights on 👉 Position Sizing & Risk Management Strategies.
Disclaimer: - Investments in securities market are subject to market risk, read all the related document carefully before investing. https://www.mnclgroup.com/research-disclaimer
