nikhilgodhani

TATAPOWER in uptrend(BO & volume combo)

Long
NSE:TATAPOWER   TATA POWER CO LTD
My study on Tata power

Example of Volume and breakout combination

Add on dips stock

From Consolidation to uptrend
Candle 1 is BO candle after 97 days Consolidation
Healthy candle with decent volume
follow-up volume is also good

Candle 2 was again BO candle with good volume

Candle 3 was Trade line BO with volume

now it was gap up which is showing strength with
Trade active: not given closing above 114
stock currently consolidating
volumes almost drying up
so add on every dip

Comments

what's the upside target
+3 Reply
@gshlok1 if high break then we may see upside till 130-145
Reply
dilip1993 nikhilgodhani
Reply
can i buy at the current price or should i wait for today's high breakout?
+1 Reply
nikhilgodhani sahil_tiwari
@sahil_tiwari wait for breakout
Reply
Good one. This scrip has left me amazed in many ways
+1 Reply
@Gotledu 👍
Reply
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