NeeteshJain
Long

TATAPOWER - TRENDING UP IN CHANNEL

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
Now wts view on tata power ???
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This was very good call...
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Neetesh Ji its Good Call on Tata Power , I strongly agree with Your view and SL i prefer to Keep 81.35 and sure its reachable in day or two
Cheers
+1 Reply
@shiv2798, Yes, you're correct. Previous lows at around 81-80.75 will provide strong support levels. Now, it shall rally up on Tuesday. Wish you the best, Regards.
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