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chinmayagarwal22
Jun 25, 2021 5:09 AM

Tata Power Long

NSE:TATAPOWER60
TATA POWER CO LTDNSE

Description

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Consolidation almost over, Breakout coming soon
RSI broken our, at levels of 52

Stop loss of 117
Hold for targets of 126,132,137,140

Trade active

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Target of 126 reached

Trade active

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Target of 132 done and high made of 135

Trade active

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Target of 140 done

Made high of 145, 17.3% returns done
Holding for final target of 150

Trade closed: target reached

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All targets done.

Reached high of 161. 33% returns done.
Chart PatternsTrend AnalysisTATAPOWERtatapowertatapowerbuyNIFTYLONGTriangleChart patterns
Comments
Saankho
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What is the target price and what will be the holding period approximately?
chinmayagarwal22
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@Saankho, mine would be 129,137,140
ankitnain010
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I agree with this ..i have given same call in my group 3 days back
asefsayyed786
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Anything about NCC.
chinmayagarwal22
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@asefsayyed786, no
jojov007
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. HOLDING JULY 130 CE AT 4.9, CMP IS 3.4. can I hold this? @chinmayagarwal22
chinmayagarwal22
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@jojov007, sorry I don't trade options, can't comment therefore
absu21
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@jojov007, as per the chat pattern you can hold till 15th July... Then Check if it is near 3rd target or not else exit. Also respect the sl too.

This is entirely my personal observation...not a trade advice.
jojov007
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@absu21 hello, hope you can update according to on the current situation of tata power. Can i hold till the 15th at least to exit with no profit?
absu21
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@jojov007, I still find the script is bullish with lots of +ve betas. the trade decision will be entirely on the trade setup you made but I think unless stop-loss hits one should wait. But once again this is my personal observation.
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