TATAPOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Tata Power Ltd. (TATAPOWER)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading slightly above both its 50 DMA (₹390) and 200 DMA (₹391). This crossover suggests short-term bullish momentum, though the broader trend remains range-bound.

Long-Term Trend: Still consolidating, with the price ~21% below its 52-week high of ₹495. The 52-week index at 39.6% reflects moderate recovery from the yearly low of ₹326.

📈 Moving Averages

50 DMA: ₹390

200 DMA: ₹391

Current Price: ₹393

Interpretation: Price is marginally above both DMAs, indicating a neutral-to-bullish setup. Sustained movement above ₹400 would confirm trend continuation.

📉 MACD & RSI

MACD: Slightly positive at 0.95 — a weak bullish signal.

RSI: At 56.1 — neutral to bullish, with room to rise before overbought territory.

Conclusion: Momentum indicators suggest a gradual accumulation phase. A MACD expansion and RSI > 60 would strengthen the bullish case.

📊 Volume Trends

Current Volume: 45.1 lakh

1-Week Avg Volume: 55.5 lakh

Interpretation: Volume is below average, indicating low conviction. A breakout above ₹400–₹410 would require volume confirmation.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A move toward the upper band (~₹410–₹420) would signal bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 390 DMA cluster, short-term support

Support 2 370 Previous swing low

Resistance 1 410 Near-term resistance zone

Resistance 2 440–460 Intermediate swing highs

Resistance 3 495 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹385–₹395 (on pullback with confirmation)

Exit Zone: ₹440–₹460 (partial profit booking), ₹495+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating with bullish bias

Momentum: Mildly bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹385–₹395 with breakout confirmation above ₹410. Target ₹440–₹495 over the next few weeks.

Let me know if you'd like a swing trade setup or visual chart overlay based on this!

Edit in a page