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TATA POWER ANALYSIS 02.02.2021BUY 79 TO 75
TARGET 110
Reason for buying this script :
In this it forming a structure of Elliot wave so we can go for buy. Now we are in 5th stage of wave.
Once it break 110 and close above 110 in weekly time frame means next target up 145
Note:
Above given levels are based on weekly time frame it will take some days to achieve the target so be patience.
TATA POWER The price had a grate upward move, now the price is forming a channel pattern as the price has been rejected at resistance the price can move upwards after taking support and can break the channel upwards , the other case can be the price will break the channel as well as support and the price will fall .wait for the breakout on either sides..
Tata Power Long term trend reversal #LearningAs we can see, the long term bearish pattern is broken with the good volume. Again it has taken the support of the long term resistance trend line indicating that the trend reversal is confirmed. And again, it has give BO at resistance 63.5 with good volumes. We can expect the shares to reach 74 with resistances around 68 to 70.
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TATA POWER 2nd Trade NSE:TATAPOWER Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..