Want to Enter TATA POWER for Short Term.

#1
Hello
Is it a good time to enter TATA POWER at current levels? i am willing to hold the position for no more than 2 months.
Since, i dont know technical analysis, i am looking forward to analysts.
Also, if you have any alternative stock please do feel free to share.

Thank You
 
#4
Weekly trend is down and as you dont want to stay invested for more than 2 months I dont think you will get any profit by entering at these levels.

Rather I feel Hindalco can be bought here at these levels.
 
#5
Weekly trend is down and as you dont want to stay invested for more than 2 months I dont think you will get any profit by entering at these levels.

Rather I feel Hindalco can be bought here at these levels.
Firstly, Thank You everyone for helping out.I have decided against TATA POWER

I was checking on HINDALCO. its one year high stands at 134 and it is trading currently at 110. I am looking atleast 10 rupee upside move.Considering, the one year high and current levels dont have much difference, should i go for it?

(what do investors think about TATA COMMUNICATIONS)
Awaiting for your valuable insights.

Thank You
 
Last edited:

Mr.G

Well-Known Member
#6
I am long on HINDALCO since rs.88 on a fundamental basis. It is too late for a conservative buy. But if you want a little long term profit? Buy it for a whole lot of upside. (I usually do contrarian views don't criticize) It has a lot going for it and will go to higher highs.
 
#7
Firstly, Thank You everyone for helping out.I have decided against TATA POWER

I was checking on HINDALCO. its one year high stands at 134 and it is trading currently at 110. I am looking atleast 10 rupee upside move.Considering, the one year high and current levels dont have much difference, should i go for it?

(what do investors think about TATA COMMUNICATIONS)
Awaiting for your valuable insights.

Thank You


Hindalco has corrected from 252 to 80.
38% retracement of this correction comes @ 148 which is our target.

It may touch 20 ema @ 105 before going up, So the buying should be near 105 if u get the chance.

If you calculate the return on your investment will be around 40% when you enter @ 105.

The target might get achieved in 2-3 months.

If you hold it for longer term the targets are 188 and then 233.

So the decision is upto you.

Thanks
 

Similar threads

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?