Description
⋅ Tata Power has formed reversed Head & Shoulder Pattern.
#Current Price - 234
#Expected Target - 275
#Resistance Based Targets
- Target 1 - 233.5
- Target 2 - 240
- Target 3 - 247.5
#Support/Stoploss - 219
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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Trade active
⋅ Pattern breakout already happened.
Now price should sustain above 234 to expect 240 as second target.
Trade active
⋅ Price reached over 240+(Target 2) and if it sustains there then we can expect 247(Target 3) as next target.
Trade closed: target reached
⋅ Target 4 of 276 is achieved today.