As seen on the chart,
TATAPOWER
has formed a nice U-shaped Cup,
The stock was in an uptrend before forming Cup (up 27% recent bottom)
Took 51weeks to form the complete pattern.
47 weeks for Cup with a correction of ~25%
4 weeks for Handle with a correction of ~6%
Volume dried up during the first part of the cup.
But was good when coming out of the cup and also at the BO of the handle.
There is a high probability that this pattern will be successful.
With regard to recent results,
Total revenue was INR ~15000 cr, 2% Y-o-Y and 18% Q-o-Q.
EBITDA at 3005 cr, 43% Y-o-Y and -3% Q-o-Q.
PAT at 1141 cr, 29% Y-o-Y and 22% Q-o-Q. (after exceptional items)
15 consecutive quarters of PAT growth (Y-o-Y)
LEMONTREE
's pattern is still in progress
Disc - invested, for educational purposes only
TATAPOWER
has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup (up 27% recent bottom)
Took 51weeks to form the complete pattern.
47 weeks for Cup with a correction of ~25%
4 weeks for Handle with a correction of ~6%
Volume dried up during the first part of the cup.
But was good when coming out of the cup and also at the BO of the handle.
There is a high probability that this pattern will be successful.
With regard to recent results,
Total revenue was INR ~15000 cr, 2% Y-o-Y and 18% Q-o-Q.
EBITDA at 3005 cr, 43% Y-o-Y and -3% Q-o-Q.
PAT at 1141 cr, 29% Y-o-Y and 22% Q-o-Q. (after exceptional items)
15 consecutive quarters of PAT growth (Y-o-Y)
LEMONTREE
's pattern is still in progress Disc - invested, for educational purposes only
Trade closed manually:
Nifty has made a bearish move today. Moving into cash for now.
