bikrantaG

TATA POWER: Nearing Triangle breakout with good technical.

Long
NSE:TATAPOWER   TATA POWER CO LTD
NSE:TATAPOWER

The stock trend is bullish with little pullback due to global sell off on 19-20th July, 2021.
Technicals looking good with symmetrical triangles forming with low volumes- Good sign for breakout.
RSI is moving into a demand zone .

Targets: 132, 142
SL: 116
Maybe considered for short plays.

Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Trade active: First target hit.
Waiting for second.

Comments

pls advice will it reach 132 before the end of july expiry.
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bikrantaG mohammed-farooqin25
@mohammed-farooqin25, there are good chances, if NIFTY stabilizes itself above the support.
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@bikrantaG, thank u
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