NeeteshJain
Long

Tata Power - Bullish Cypher Pattern

NSE:TATAPOWER   TATA POWER CO LTD
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It is been observed on the daily chart that the price action forms a bullish harmonic pattern called cypher pattern where the Leg D is reaching 78.6% retracement levels. Now it shall retrace back to 38.2% of CD leg. The pattern shall be validated unless it breaks below the stoploss placed at previous support levels.

Target: 78
Stoploss: 72.50
Trade closed: stop reached
Thanks for clear guidance.
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