capsule91

Tata power revised

BSE:TATAPOWER   TATA POWER CO.LTD
not only the present price action is at the Base of a extreme bullish harmonic impusle, but also the 0.5mini median line of the pitchfork and the S1 monthly support in the traditional system of pivots ..
Following the price magnet theory of the pitchfork , we should retrace back to the median line of the pitchfork , the extreme bullish harmonic impulse@886 must trigger the upmove towards the pivot and the median line and the final target is to be the opposite 0.5minimedian line of the pitchfork , which is the R1 resistance, all occuring under the harmonic impulse

The downside is expected to be the lower median line of the pitchfork which also coincides with the 2.24 of the harmonic impulse and the S2 support...

Disclaimer... Invested... not an investing/trading recommendation

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