Tata Power is in Upward Trend. Formed a hammer over 20 EMA. Taking probable support. RSI also crossed Sweet 60. Time to enter a long trade.
Please note idea is for Educational Purposes only. Any losses you make are entirely your own. The author is not responsible for any such losses.
Comment
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RSI is again knocking at 60 levels. I would recommend waiting for a signal around 50 EMA. Without any signal, it is showing a tendency to move sideways for the time being.
In Swing Trading it is difficult to give an exact time for achieving the target but it may reach the desired target in a 3-7 day time period. Please note Entry should be above 244.25. It is important that that price level is broken before taking a position. Always keep a stop loss. Chambal Fertilizer also looks Promising.
And Finally, Any losses you make are entirely your own. The author is not responsible for any such losses.
StockWhizzer
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@nisachar will this hit 50 EMA soon? Also, tata tel views, 120 possible or correction?
nisachar
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@StockWhizzer, RSI is again knocking at 60 levels. I would recommend waiting for a signal around 50 EMA. Without any signal, it is showing a tendency to move sideways for the time being. At present, I am still in for a long trade. Not taking any bet on 120.
Please note Entry should be above 244.25. It is important that that price level is broken before taking a position. Always keep a stop loss. Chambal Fertilizer also looks Promising.
And Finally, Any losses you make are entirely your own.
The author is not responsible for any such losses.