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At important resistance level. Breakout is seen in RSI.
Ready to explode
PATIENCE PATIENCE PATTIENCE...
Everything on Chart
DETAILS ON CHART.
can buy for 84 sl 75
Stop 70 Tgt 80-85
Tata Power in the reversal act from bottom.
Its inside falling wedge,
But bouncing from support,
Buy above 69.1 with intraday/short term targets 70.25, 71.25,
If the resistance is broken will keep higher targets
break out on daily and hourly chart, strong buying potential
At Critical Support
If the support holds you can go long
If it breaks down you can go short.
Slightly different analysis..But tata power and Adani power usually move v similarly...recently Adani Power has massively outperformed...
Will Tata Power catch up over the next few days?
we can long tatapower on the retest of the mentioned resistance zone if it retests again
keep in mind to look for bearish evidence on lower timeframe before placing long orders
Watch Tatapower for long
Possible break out expected the upper side .
Positive MACD crossover.
And bullish divergence confirm strong chance for a long breakout.