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Tata power revisednot only the present price action is at the Base of a extreme bullish harmonic impusle, but also the 0.5mini median line of the pitchfork and the S1 monthly support in the traditional system of pivots.. Following the price magnet theory of the pitchfork, we should retrace back to the median line of the pitchfork, the extreme bullish harmonic impulse@886 must trigger the upmove towards the pivot and the median line and the final target is to be the opposite 0.5minimedian line of the pitchfork, which is the R1 resistance, all occuring under the harmonic impulse The downside is expected to be the lower median line of the pitchfork which also coincides with the 2.24 of the harmonic impulse and the S2 support... Disclaimer... Invested... not an investing/trading recommendation
BSE:TATAPOWER
by capsule91
TATA POWER RELOADED..C point of butterfly validity check... 1. current C point is on a 20months trendline (0.5AB) 2. if breaks the next stop is on the median line of the pitchfork (0.618AB) CD up leg validity check.. 1.Bullish reverse divergence on RSI 2. probable cypher in formation Potential reversal zone limit estimated at 1.27XA of the butterfly... reversal pathway estimated in supports of 0.382AX and 0.618AX of the butterfly in conjunction with the pitchfork levels.. Disclaimer .... invested.. this is not a trading/ investing recommendation.. do your own analysis...
BSE:TATAPOWER
by capsule91