TradingView
merushi22
Nov 24, 2016 9:24 AM

TATAPOWER WILL SHOW SOME POWER.. Long

TATA POWER CO LTDNSE

Description

After forming a double bottom at 55 level stock gives a massive rally of Rs.20. From that double bottom to its recent high stock has retrace 61.8% where other fib ratios are also overlapping each other which shows a strong support area between 67-68.50 . If this support area is important than above coming resistances then we are on for the targets of 89 & 95.
More