muhd_nihal

Tatapower bounce from support

Long
muhd_nihal Updated   
NSE:TATAPOWER   TATA POWER CO LTD
Its inside falling wedge,
But bouncing from support,
Buy above 69.1 with intraday/short term targets 70.25, 71.25,
If the resistance is broken will keep higher targets
Comment:
Target 1 done =10k+
Comment:
Target 2 also done,
Lets wait for a swing low to enter back
Comment:
Update SL to 74.3
Comment:
Those who bought Sep futures at 71 corresponding to 69.1 in Eq and holding,
Buy 72.5 PE at CMP and sleep on this setup this month,
Zero loss and minimum profit of 4500 and upside is unlimited,
Refer the image for payoff graph
imgur.com/M7S9jTs
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