Tata Power Bearish possibility
Tata Power might fall till 159 which was high in dec 2007 which might now act as strong support.. if it breaks 159 then it migh touch 143 in coming days, can try to sell near 224-225 sl 228
Findings:
In weekly it might make H&S and make A=C, with rsi divergence
In daily time frame, in last leg it has rejected at 0.5% Fib level and also rejection from upper trend line and broke the lower trendline aswell
It might reset the trendline and continue down side..
This d just my view please make your own analysis and trade safe..
Findings:
In weekly it might make H&S and make A=C, with rsi divergence
In daily time frame, in last leg it has rejected at 0.5% Fib level and also rejection from upper trend line and broke the lower trendline aswell
It might reset the trendline and continue down side..
This d just my view please make your own analysis and trade safe..
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