Tata Power on the Verge of Another Rally
The stock price pulled back slightly after reaching an all-time high (ATH) of Rs. 444.
The decline in trading volume during the pullback suggests a potential reversal in price.
The stock appears to be forming a descending triangle pattern
The formation of a doji candlestick near the support level, combined with the 11-day EMA and the 0.236 Fibonacci retracement level, suggests the pullback may be nearing its end.
The decline in trading volume during the pullback suggests a potential reversal in price.
The stock appears to be forming a descending triangle pattern
The formation of a doji candlestick near the support level, combined with the 11-day EMA and the 0.236 Fibonacci retracement level, suggests the pullback may be nearing its end.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.