nitinshm

TataPower, Long for 30-50%

Long
nitinshm Updated   
NSE:TATAPOWER   TATA POWER CO LTD
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.

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