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bhagat109
Feb 4, 2021 7:30 PM

Swing trade of the decade. Long

TATA POWER CO LTDNSE

Description

1) Breakout in daily, weekly & even monthly time frames.
2) Breaking out of a down trend of 12 years.
3) Look at the momentum of the move after CORONA.
4) Look at the volumes rising after CORONA.
5) Plot a 50 EMA , you'll see a recent bounce from it.

Hold it for a month or a year until it touches the All time high.
Stoploss- The trendline.

Comment

Possibility of a breakout on 9th of Feb. Watch for intraday movement.

Comment

Not going to be easy....after all it's a decade long breakout. Patience is virtue.
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