Tata Power Company Limited
Long
Updated

Tatapower | Descending Triangle Break | Volume surge 🎯

1 876
Investment Trading opportunity ! Monthly Chart Alert !!!

--Buy Above =78.35 or CMP
--Target = 96.60 | 116.80
--Stop-loss = 65.70
--Lot Size = 13,500
--R:R = 3.04
--Expected Profit = 5 lakh + ₹ per lot ( 49% )
--Expected Holding = around 1 year only
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Technical Reasons to trade or Strategy applied :-

1) tatapower is the 2nd leading company after powergrid & has given a breakout with volume
2) Descending Triangle Breakout ,50 ema breakout , resistance breakout , Long term trendline breakout
3) fundamental is too good , checked everything correctly
4) Do your research as well & support & resistance is mentioned on the chart


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Note
👇👇------Weekly CUP & HANDLE pattern --------👇👇
snapshot
Note
👇👇-----Inverted head & Shoulder Pattern -----👇👇
snapshot
Trade closed: target reached
1st Target reached
24% GAIN
Trade closed: target reached
2nd Target Reached 50 % GAIN

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