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RainbowTraders

Tatapower: Breakout expected

Long
TATA POWER CO LTD (NSE:TATAPOWER)  
RainbowTraders Updated   
NSE:TATAPOWER   TATA POWER CO LTD
Support and Resistance Trend Lines Triangle
4
2
supportandresistance trendline triangle
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..
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