Tata power in the Recent Rally broke a long term trendline and then again took support around levels of Rs.50. It showed further consolidation before it broke the levels of Rs. 54.2. Now it is consolidating again in a channel pattern and rose by 2.36% in the last trading session but still remained intact in the channel. Have it in the watchlist, it can give you...
Now price is at a Major level - if a healthy breakout happens, its most likely to take the price to higher levels.
also, Possible for a retracement to 49 levels.. and if sustain this level most likely to move as drown in the chart.
This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my...
I hope you can now see how Tatapower represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Tata Power for Intraday for 19 August 2020
NR7 candidate
Narrow CPR
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Thank you
Have a Nice day!!
Tata power NSE- Short Term investment. The next target will be on Rs 62. Uptrend since 12th June.
For testing purposes checked for Fibonacci extension too.
Thank you
with the stock forming dual bottom and governmet making posituve changes regarding the sector
the stock can show good upmove in long run can even show 60/62 in 18month duration .
