sandipan.mch

TATA POWER RELOADED..

BSE:TATAPOWER   TATA POWER CO.LTD
C point of butterfly validity check...
1. current C point is on a 20months trendline (0.5AB)
2. if breaks the next stop is on the median line of the pitchfork (0.618AB)

CD up leg validity check..
1. Bullish reverse divergence on RSI
2. probable cypher in formation

Potential reversal zone limit estimated at 1.27XA of the butterfly ...

reversal pathway estimated in supports of 0.382AX and 0.618AX of the butterfly in conjunction with the pitchfork levels..

Disclaimer .... invested.. this is not a trading/ investing recommendation.. do your own analysis...
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