Swing Opportunity in Tata Power
Updated
Go Long above 115.1 for Targets of 121.9, 128.7, and 135.5 with SL 108.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. The stock formed a bullish chart pattern, Inverted Head & Shoulder and today gave breakout with high volume.
Trade active
Entry triggered on 08 June 2021Note
The new modified Target is 129.2 and Sl 101Trade closed: target reached
Target achieved on 9 June 2021
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