Tata power following some pattern before moving upward.
Its taking support of 50 Moving average.
Tata Power after entering to RSI red zone enter in RSI green zone from below(Entering RSI red zone must for big move)
Stock cross above or touch 50 days Moving Average then it move up price RS-30+.
All three condition must be satisfied for big move.
I SEE ON 1 DAY ICICIBANK CHART THERE IS AN INVERTED HEAD AND SHOULDER PATTERN AND THE PRICE ACTION IS UP SIDE THE TREND IS BULLISH.
MY TARGET IS = 690, AND 740.
HERE I USE A 20 EXPONENTIAL MOVING AVERAGES WHICH DECIDES THE RIDING TRADE. IN THE BULL MARKET.
ITC daily chart is looking bullish......
For Entry/Target1/Target2/Target3/SL Kindly follow my page... i will inbox you the same...
Disclaimer: Only for education purpose/Kindly consult your financial advisor before taking any trade....
Market Facing little bit of resistance at 76 region.
If it broke above it , You can see some nice rally near future till 82 to 83 .
Below 73.5 This setup is invalid .
Let see what will happen .
If you have any suggestion for me please let me know .