Full News

Technical and Derivative Analysis: TVS Motor and Tata Power Stock Trading Strategies

Bullish Momentum: TVS Motor and Tata Power Stocks

The analysis provides insights into the bullish momentum of TVS Motor and Tata Power stocks based on technical and derivative factors. It includes detailed technical and derivative analysis of both stocks and provides trading recommendations for short-term accumulation and potential price levels.

Key Takeaways:

1. TVS Motor has shown a Symmetrical Triangle breakout with strong bullish indicators, including increased trading volume and robust momentum.

2. Derivative analysis for TVS Motor indicates an overall short covering rally and a concentration of CALL open interest at the 2100 strike, suggesting bullish momentum.

3. Tata Power has given a trendline breakout with sustained outperformance relative to the broader index and bullish technical indicators.

4. Derivative analysis for Tata Power suggests significant short covering and a notable concentration of CALL open interest at the 360 strike, indicating bullish momentum.

Here is a stock trading strategy for TVS Motor and Tata Power based on the technical and derivative analysis.

TVS Motor

Technical Analysis

TVS Motor has given a Symmetrical Triangle breakout after a phase of consolidation.

The breakout was accompanied by a notable increase in trading volume, indicating robust support for the move.

The stock displayed a sizable bullish candle on the breakout day, further validating the strength of the upward move.

The closing price surpassed the upper Bollinger Band level, underscoring a robust momentum in the stock.

All moving averages and momentum indicators are indicating strong upside in the short-term.

The daily Relative Strength Index (RSI) has established a solid support base around the 58-60 zone and experienced a significant rebound.

The trend strength indicator, Average Directional Index (ADX), is currently positioned at 42.83, indicating a robust and well-established trend strength.

Derivative Analysis

The January series future has surged by 3.30% and the Open Interest (OI) has dipped by nearly 1%, indicating an overall short covering rally.

There is a significant concentration of CALL open interest at the 2100 strike, while substantial open interest on the PUT side is concentrated at the 2000 strike.

There has been a discernible accumulation of long positions from 2200 to 2100 CALL strikes, indicating bullish momentum in the stock.

Conversely, on the PUT side, there is noteworthy PUT writing observed from 2120 to 2000 strikes.

Recommendation

Based on the technical and derivative factors, it is recommended to accumulate the stock in the zone of Rs 2090-2070 level with a stop loss of Rs 2015. On the upside, it is likely to test the level of Rs 2190, followed by 2230 level in the short-term.

Tata Power

Technical Analysis

Tata Power has given a trendline breakout from a horizontal trendline, supported by relatively higher volume.

The positive directional indicator (+DI) has surpassed the ADX level, underscoring a robust bullish momentum.

The Mansfield Relative Strength has consistently remained above the zero line since July 2023, signifying sustained outperformance relative to the broader index, namely the Nifty 500.

The stock is trading above its short and long-term moving averages, which are in a rising trajectory, indicating a bullish sign.

The daily Relative Strength Index (RSI) has consistently remained in the highly bullish zone since November 2023.

The daily stochastic readings are pointing towards a bullish trend.

Derivative Analysis

There is a significant surge observed in the January series future and OI has dipped by over 6%, indicating significant short covering.

There is a notable concentration of CALL open interest at the 360 strike, followed by the 370 strike, while significant open interest on the PUT side is observed at the 350 strike.

From 280 to 250 CE strikes have either witnessed long build up or CALL short covering, indicating bullish momentum in the stock.

On the PUT side, from 360 to 345 strikes have witnessed PUT writing.

Recommendation

Based on the technical and derivative factors, it is recommended to accumulate the stock in the zone of Rs 358-355 level with a stop loss of Rs 345 level. On the upside, the stock is likely to test the level of Rs 375, followed by Rs 380 level in the short-term.

In summary, both TVS Motor and Tata Power are showing strong bullish momentum based on technical and derivative analysis, and the recommended trading strategies are based on these factors.

FAQ

Q1: What are the key technical indicators for TVS Motor’s bullish momentum?

A1: TVS Motor has shown a Symmetrical Triangle breakout, increased trading volume, robust momentum, and strong bullish indicators such as RSI and ADX.

Q2: What are the derivative signals for Tata Power’s bullish momentum?

A2: Derivative analysis for Tata Power suggests significant short covering, a concentration of CALL open interest at the 360 strike, and bullish option chain activity.

Similar Ripples

Questions

There is no question

Bullish Momentum: TVS Motor and Tata Power Stocks

Write your Comment

Would you like to edit this news ? Edit

Select Format

You get opportunity to take 30 day Challenge program.

Optional

Advanced

You get opportunity to take 30 day Challenge program.

Optional

Add tags

You get opportunity to take 30 day Challenge program.

Optional

PUBLISH IT

Don't sell
PUBLISH IT
Publish privately
SAVE AS DRAFT

Dont't publish now

<h2>Key Takeaways:</h2>1. TVS Motor has shown a Symmetrical Triangle breakout with strong bullish indicators, including increased trading volume and robust momentum. 2. Derivative analysis for TVS Motor indicates an overall short covering rally and a concentration of CALL open interest at the 2100 strike, suggesting bullish momentum. 3. Tata Power has given a trendline breakout with sustained outperformance relative to the broader index and bullish technical indicators. 4. Derivative analysis for Tata Power suggests significant short covering and a notable concentration of CALL open interest at the 360 strike, indicating bullish momentum. Here is a stock trading strategy for TVS Motor and Tata Power based on the technical and derivative analysis.<h2>TVS Motor</h2><h2>Technical Analysis</h2>TVS Motor has given a Symmetrical Triangle breakout after a phase of consolidation. The breakout was accompanied by a notable increase in trading volume, indicating robust support for the move. The stock displayed a sizable bullish candle on the breakout day, further validating the strength of the upward move. The closing price surpassed the upper Bollinger Band level, underscoring a robust momentum in the stock. All moving averages and momentum indicators are indicating strong upside in the short-term. The daily Relative Strength Index (RSI) has established a solid support base around the 58-60 zone and experienced a significant rebound. The trend strength indicator, Average Directional Index (ADX), is currently positioned at 42.83, indicating a robust and well-established trend strength.<h2>Derivative Analysis</h2>The January series future has surged by 3.30% and the Open Interest (OI) has dipped by nearly 1%, indicating an overall short covering rally. There is a significant concentration of CALL open interest at the 2100 strike, while substantial open interest on the PUT side is concentrated at the 2000 strike. There has been a discernible accumulation of long positions from 2200 to 2100 CALL strikes, indicating bullish momentum in the stock. Conversely, on the PUT side, there is noteworthy PUT writing observed from 2120 to 2000 strikes.<h2>Recommendation</h2>Based on the technical and derivative factors, it is recommended to accumulate the stock in the zone of Rs 2090-2070 level with a stop loss of Rs 2015. On the upside, it is likely to test the level of Rs 2190, followed by 2230 level in the short-term.<h2>Tata Power</h2><h2>Technical Analysis</h2>Tata Power has given a trendline breakout from a horizontal trendline, supported by relatively higher volume. The positive directional indicator (+DI) has surpassed the ADX level, underscoring a robust bullish momentum. The Mansfield Relative Strength has consistently remained above the zero line since July 2023, signifying sustained outperformance relative to the broader index, namely the Nifty 500. The stock is trading above its short and long-term moving averages, which are in a rising trajectory, indicating a bullish sign. The daily Relative Strength Index (RSI) has consistently remained in the highly bullish zone since November 2023. The daily stochastic readings are pointing towards a bullish trend.<h2>Derivative Analysis</h2>There is a significant surge observed in the January series future and OI has dipped by over 6%, indicating significant short covering. There is a notable concentration of CALL open interest at the 360 strike, followed by the 370 strike, while significant open interest on the PUT side is observed at the 350 strike. From 280 to 250 CE strikes have either witnessed long build up or CALL short covering, indicating bullish momentum in the stock. On the PUT side, from 360 to 345 strikes have witnessed PUT writing.<h2>Recommendation</h2>Based on the technical and derivative factors, it is recommended to accumulate the stock in the zone of Rs 358-355 level with a stop loss of Rs 345 level. On the upside, the stock is likely to test the level of Rs 375, followed by Rs 380 level in the short-term. In summary, both TVS Motor and Tata Power are showing strong bullish momentum based on technical and derivative analysis, and the recommended trading strategies are based on these factors.<h2>FAQ</h2>Q1: What are the key technical indicators for TVS Motor’s bullish momentum?A1: TVS Motor has shown a Symmetrical Triangle breakout, increased trading volume, robust momentum, and strong bullish indicators such as RSI and ADX. Q2: What are the derivative signals for Tata Power’s bullish momentum?A2: Derivative analysis for Tata Power suggests significant short covering, a concentration of CALL open interest at the 360 strike, and bullish option chain activity.

Hi Thakurani,
I want to withdraw in my Thakurani wallet
Thanks,

Select the reason for validity check

I feel great..the news is still good.please give the reason too..thanks..

Why do you think the News as invalid?” Please mention the reason.

I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,

Write your reason

My Dear ,

Harassing

Spam

Ingenuine

Rotten

Alien

Plagiarism

Unformatted

Full News

Bullish Momentum: TVS Motor and Tata Power Stocks