Tata Power’s share price has shown signs of renewed strength, as technical charts indicate that the stock has broken above a long-term descending trendline. On the daily charts, the stock has formed a double bottom pattern, a bullish setup that often suggests a potential reversal from past weakness.
According to analysts, this breakout opens up the possibility of further upside for the stock in the near term. Experts suggest that short-term traders could consider buying the stock with a target price of around ₹470 over the next three to four months. The stock’s recent rise was supported by higher trading volumes observed on January 2, 2026, which adds credibility to the breakout. Analysts also view the stock as undervalued at current levels, making it attractive on technical grounds for traders looking for momentum opportunities.
Tata Power Ltd operates across conventional and renewable energy segments, including power generation, distribution, and newer areas such as rooftop solar and electric vehicle solutions.
