Here is multi-time frame analysis of TATA POWER:
One can clearly observe the price movement within the channel.
Breakdown of weekly channel due to prevailing economic slump, but expected to take support of monthly channel lower trend.
So, we can expect the REVERSAL...
In my post date 06-May-2020, I have suggested to go for SHORT on NSE:TATAPOWER (for short term gain). On 06-May, it was closed on Rs. 29 and I have suggested TARGET of near Rs. 27, which it almost achieved today (11-May-2020).
Now it touched the...
TATAPOWER Is retesting the 200 EMA line and forming a double bottom expecting price to trend down
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
The stock has been trading with strength since last few sessions. It has been above to maintain above the support levels. An inverse head & shoulder pattern is visible on the daily chart. The breakout took place in the last session. The stock has to maintain itself above 55 levels, if it holds the levels then we may witness emergence of a fresh bull run in it. A...