Short Tata Power as MACD has given a signal using the crossover
A long Bearish Marubozu was formed which has Engulfed previous 3 to 4 candles which shows high Bearish Momentum
RSI is at 34 level which shows there can still be 4 BPS fall so that Tata Power become oversold, we will capture that fall
There is a Possible Breakdown in TATA POWER as Shorts are Added at the current level it is also trading well below 20 DSMA.
The trend line is about to get broken down.
Pivot Point's S1 Support is also penetrated.
This trade has a very high probability of hitting its target so don't miss out on this trade.
Happy Trading........
A long Bearish Marubozu was formed which has Engulfed previous 3 to 4 candles which shows high Bearish Momentum
RSI is at 34 level which shows there can still be 4 BPS fall so that Tata Power become oversold, we will capture that fall
There is a Possible Breakdown in TATA POWER as Shorts are Added at the current level it is also trading well below 20 DSMA.
The trend line is about to get broken down.
Pivot Point's S1 Support is also penetrated.
This trade has a very high probability of hitting its target so don't miss out on this trade.
Happy Trading........
Trade closed manually:
UPDATE NEW SL AT 51.40, CURRENT'S CLOSING PRICE AND TARGET AT 50 AS WE HAVE NET PROFIT OF RS 2.1