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RK_Charts
Sep 3, 2021 9:12 AM

Tata Power Long

TATA POWER CO LTDNSE

Description

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


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Comments
mycollections
Great analysis. Loved it . Thank you.
RK_Charts
@mycollections, Thank you so much ❤️
RK_Charts
korniindia
great
RK_Charts
rakshit0147
Very good
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tamannakaur
Really appreciated, Great Analysis, sir keep it up.
RK_Charts
vishnuvarthan31
Hi Sir, will it go further up?
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