Tata power, daily macd indicator has given positive crossover and that also above zero line, it looks like the stock has started wave (5) of 3. as of wave (5) unfolds, the stock can possibly rise higher to 140, 146, 151, 160, and 171 levels. one can go long at these levels or in dips (if any opportunity) price can dip towards green box buying zones mentioned on chart with stoploss of 121.

wave structure could be like this
key levels are mentioned on chart
macd in daily pco above zero line and uptick
rsi in daily is uptick and above 60
price above med. bollinger
dmi and adx positive

I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing

Follow us on Telegram : https://t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.