NeeteshJain
Long

Tata Power Breakout to New Impulse Wave

NSE:TATAPOWER   TATA POWER CO LTD
It is been observed that the price action is trending up by making higher highs and higher lows. Previously, at high of 77 levels price action consolidates and corrects within a downward trendline and then breakout the trendline and then broke out to a new highs with that impulsive wave. Now it is again breakout from the downward trendline and looking to reach for previous high levels of 80.

Target: 80
Stoploss: 74.50
Trade closed: target reached: Tatapower reached target. Regards
Trade active: Target reached successfully. Now it has broken resistance and shall move to 82 levels

Comments

From the 79.5 top on Sept 06, u had an ending diagonal. The pattern completed today. This stock is worth watching/accumulating going forward. Waiting for correction now before going long. Thanks for sharing
Reply
NeeteshJain mragarwal
@mragarwal It is rightly said by you, it is in accumulation zone and always to buy on dips. Once it breaks and close above 80 levels then it shall push up to higher levels. It is a good stock to watch for now. Regards.
Reply
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