NSE:TATAPOWER   TATA POWER CO LTD
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wyckoff
Comment: profit
Comment: complete
Maybe the Selling Climax could be called something else as I cannot see any climatic action in price or volume. The price bars are more or less the same as earlier bars.The volume bars are average to less.The sign of strength (SOS) seems to me very weak as the candle bars confirm it. The price drops off after the first SOS and there is weakness as there is EOM to the downside along with increased volume culminating in a huge vol bar at the end (This could be called Selling Climax). Is it buying coming in?? Price moves up again to the resistance (your primary support) level, but at the top the price bars seem to be weak. The last bar especially so.I have tried to post a snapshot of mine but the comments column does not take it. You could draw a support line going all the way back from the first lows to the recent lows and project it upwards. If this is weakness then maybe price will drop to around the new support line (around the 80 area) before going up as the last support seemed to show buyers were coming in.

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rupambose32 Michael DeSouza
@Michael DeSouza, you are right,,all are not match,keep in mind trend is up and the price 80 and
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@rupambose32, I wish you well and good luck.
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rupambose32 Michael DeSouza
@Michael DeSouza, watch
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@rupambose32, I hope you bought around this area.
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rupambose32 Michael DeSouza
@Michael DeSouza, yes
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Wat is sos means
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@Jay03, sign of strength
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