Tata Power – Coiling Tight for a Potential Breakout

Tata Power Company Ltd – Coiling Tight for a Potential Breakout

#TATAPOWER

📈 Pattern & Setup:

Tata Power is currently forming a beautiful symmetrical triangle pattern after months of sideways consolidation. The repeated shakeouts near 380 have helped absorb supply, while higher lows over the past few sessions indicate silent accumulation.

The stock is now approaching the tip of the triangle around 398–400, where a decisive breakout with volume could trigger a swift rally toward 440–460 levels. The volume profile is gradually expanding, confirming that quiet accumulation may be taking place under the surface.

📝 Trade Plan:

✍Entry: Above 401 (breakout confirmation)

🚩Stop-Loss: 384 (below recent swing low)

🎯Targets:

Target 1 → 445 (11% potential move)
Target 2 → 470 (17% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position above 401
2. Add 40% more once price sustains above 410 with volume expansion
3. Trail stop-loss to 392 after price crosses 425

🧠 Logic Behind Selecting this Trade:

This setup represents classic pre-breakout compression, where volatility contracts before expansion. The shakeouts have flushed out weak hands, creating a base of strong holders ready for a momentum move. If volume confirms, Tata Power could lead the next leg in the energy sector rally.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.

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