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nitinshm

TataPower, Long for 30-50%

Long
TATA POWER CO LTD (NSE:TATAPOWER)  
nitinshm Updated   
NSE:TATAPOWER   TATA POWER CO LTD
Trend Lines Head and Shoulders
6
0
trendline headandshoulders
TataPower is coming out of long downtrend, Chart logic on chart.

Target 1 = 85
Target 2 = 110

Add/Buy on dip between 55-60

Stoploss = 50
Trade active:
Entered at 64 on 11/27.
Comment:
Stock made very good move and is now negotiating with resistance. There are couple of resistance in 73-76 zone but stock is looking good to move to higher levels.

snapshot
Trade closed: target reached:
Target1 of 85 achieved. 40% gains in 40days.
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