RainbowTraders

Tatapower: Breakout expected

Long
NSE:TATAPOWER   TATA POWER CO LTD
Tatapower trading at crucial resistance level which was build due to four unsuccessful attempts. However the distance between near support and resistance has covered by only 3 strong bullish candles this time and that indicates a strong momentum. This signifies possible breakout from this level.

Levels:

Entry: 145
Stop Loss: 131
Target: 180
Comment: Target hit, profit booked..