NeeteshJain

Tata Power - Channel Trade Setup

Long
BSE:TATAPOWER   TATA POWER CO.LTD
It is been observed on the daily chart that the price action is trending up in an uptrend channel . Now, the price action has touched and reached to the support level or line of the channel, forming a channel trade setup. It is usually a risk trade setup but most rewarding.

Target 1: 84

Target 2: 85

Stoploss: 81
Trade active