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Tatapoweranalysis

[TATA Power] Gold Mine for Long Term. Opportunity for SHORT alsoHere is multi-time frame analysis of TATA POWER: Monthly: One can clearly observe the price movement within the channel. Weekly: 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 of price from lower trend line (of monthly channel), which is nearly Rs.27. But if BREAK the channel then NEXT support level is expected at Rs 25 and Rs. 20 (VERY VERY STRONG SUPPORT). So based on personal horizon & time-based profit opportunity, one CAN TAKE CALL FOR SHORT or LONG. Thanks Stay Safe and Stay Healthy
NSE:TATAPOWER
by SatyendraChoudhery
[TATA Power] 6.3% Profit achieved in 3 trading days, what next? 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 support line of monthly parallel channel as marked in chart. So what next? Will it take take trend reversal or continue to fall !? . What could be Target price in both case?? If you want to know, please comment, will analyse further and post an update.
NSE:TATAPOWER
by SatyendraChoudhery
11