NeeteshJain
Short

TATA POWER - BEARISH PIN BAR CANDLESTICKS

BSE:TATAPOWER   TATA POWER CO.LTD.
It is been observed on daily chart that the price action forms a Bearish Pin Bar Candlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74.

Target: 74

Stoploss: 79
Trade active
Comment: Today, Another Exhaustion Candlestick shall be made, indicating higher price rejection or greater consupmption of selling contracts on higher price levels. Regards
Trade active
Trade active
Comment: Reaching to Target
Trade closed: target reached: Target reached successfully. Regards
Dear

For long term chart ..Can you advise for tata power- Say for next 10 months
+1 Reply
NeeteshJain yashpal.chudasama
@yashpal.chudasama, Apparently it is not a good chart to invest for the long term. Regards
Reply
@NeeteshJain, Thanks for your advise.. I am member of peacock finanace ....

Sir can you advise on Jindal Drilling , It was recommended . .Should i buy at this level my view is for minimun 6 month i can hold
Reply
NeeteshJain yashpal.chudasama
@yashpal.chudasama, I shall update you on Jindal Drilling shortly. Btw what is peacock finance? Regards
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@NeeteshJain, peacock finance one whats up group and in thsi groupl i got link for your articales on Trading view...again thanks for response
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@NeeteshJain, Sir If you have time can you provide me your feedback on Jindal drill- I am interested in 1 year holding
Reply
Its Bearish Evening Star.. Good Setup Bro....
+1 Reply
NeeteshJain KranthiKumarChikkirri
@KranthiKumarChikkirri, Yes, It does work well. Regards
Reply
Hi.
What is the rationale behind keeping 79 as stop loss and not above the high of that pin bar?
Also,is it closing based SL?
+1 Reply
@tvc1, I have taken the high of the solid green candle and not the wick as wick indicates price rejection. Another reason behind that is risk management. I'm glad you asked this question. Thanks, Regards
Reply
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