Tata Power for 20% gains
Updated
Date: 27 Sept’24
Stock: Tata Power
Timeframe: Daily chart
Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so).
This is not a trade recommendation. Please do your own due diligence.
Stock: Tata Power
Timeframe: Daily chart
Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so).
This is not a trade recommendation. Please do your own due diligence.
Trade active
Sept quarter results were good. Now resumed its up move with high volume. Target intact. Not a trade recommendation.
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