NeeteshJain

TATAPOWER - TRENDING UP IN CHANNEL

Long
BSE:TATAPOWER   TATA POWER CO.LTD
It is been observed on the daily chart that the price action is trending up in a channel. Currently the price action corrected from month's high of 86 to 81 levels. Now, it shall further move up from the support levels of the channel.

Target: 85

Stoploss: 82

RR: 1:2
Trade active
Trade active: 2% Up, looking strong today. Regards
Trade active
Comment: News: Tata Power-DDL is a joint venture between Tata Power and the government of Delhi with the majority stake being held by the power firm.

Tata Power-DDL distributes electricity in the North and North-West of Delhi.

Tata Power-DDL plans to set up 1000 electric charging stations

Regards
Trade active
Trade active
Comment: Going Good
Trade closed: target reached
Comment: Trending Up nicely in Channel,

Here is the updated Chart,


Now, profit booking can be seen around 89-90 levels.

Regards