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Price and trend forecast of TATAPOWER for Tomorrow, Weekly, Monthly

Tata Power Company Limited

Symbol: NSE:TATAPOWER

ISIN: INE245A01021

451.90

As on 2024-06-13

215.70 (52W Low) 464.20 (52W High)

TATAPOWER's Today's Performance

Tata Power Company Limited started the day by opening at 457.00 today 2024-06-13. Its shares reached a high of 458.00 and dipped to a low of 449.65 in intraday. When the markets closed, TATAPOWER’s stock price settled at ₹451.90 per share. Also check out its key support and resistance levels.

TATAPOWER Buy/Sell Targets

Tomorrow, buy TATAPOWER when its price reaches ₹ 451.90 with a stop-loss order at ₹ 448.46. You can set the target price as ₹ 455.34 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TATAPOWER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for TATAPOWER

Downside Targets Value in ₹
Tomorrow Down Target 1 457
Tomorrow Down Target 2 462
Tomorrow Down Target 3 465

Important Levels for TATAPOWER

Holding Levels Value in ₹
Tomorrow Up Target 1 448
Tomorrow Up Target 2 445
Tomorrow Up Target 3 440
Based on where the stock opens tomorrow, if TATAPOWER opens on a positive note, our first target will be ₹457. If Target 1 is achieved, we will aim for Target 2 which is ₹462.

But if TATAPOWER falls below the average value of ₹453.18, you can enter a sell side position with target number 1 - ₹448 and second target - ₹445 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TATAPOWER

Looking at TATAPOWER, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TATAPOWER has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TATAPOWER is moderate bullish.

Tomorrow's Volume based share price Forecast for TATAPOWER

TATAPOWER's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 6%.

Reversal detection for TATAPOWER

Predicted trend chart of TATAPOWER tomorrow for price forecast
TATAPOWER may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹451 in morning tomorrow
Target 1 tomorrow456
Target 2 tomorrow458
Target 3 tomorrow462
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TATAPOWER's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TATAPOWER opens on a positive note, our first target will be ₹456.72. If Target 1 is achieved, we will aim for Target 2 which is ₹461.53.

But if TATAPOWER falls below the average value of ₹453.18, you can enter a sell side position with target number 1 - ₹448.37 and second target - ₹444.83

TATAPOWER's Weekly Targets
1st Up Target 458.72
2nd Up Target 465.53
1st Down Target 445.12
2nd Down Target 438.33

As the week for TATAPOWER ended on bullish sentiments, we can expect further continuation of this sentiment. TATAPOWER's initial target will be 458.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 445.12 in the upcoming week.

Weekly OHLC Values
Open 446.60
High 458.75
Low 445.15
Close 451.90

Week for TATAPOWER started with an open price of 446.60, and the close was at 451.90. TATAPOWER reached the highest of 458.75 and dipped lowest up to 445.15 last week. This indicates a bullish sentiment for the week.

TATAPOWER full month swing targets
Monthly Up Target 1 472.32
Monthly Up Target 2 479.13
Monthly Down Target 1 431.52
Monthly Down Target 2 411.13

Targets of ₹472.32 can be expected to be reached in the coming month. Once TATAPOWER achieved this target, we can aim for the next upside target of ₹479.13.

TATAPOWER if fails to hold upside, down targets of ₹431.52 and ₹411.13 can be achieved by end of this month.

For complete three weeks if TATAPOWER is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as TATAPOWER

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

TATAPOWER is expected to reach the target of 456.72 in tomorrow's trading session.

After achieving the initial target in TATAPOWER, we will aim for higher targets of 461.53 tomorrow.

However, if TATAPOWER starts to trade below ₹453.18, then we will shift our focus to the sell side and aim for down targets of 448.37 and 444.83.