RSI bullish divergence forming and also RSI at oversold level and price at Monthly Breakout Level which is 75. Expecting Bullish Turn tomorrow.
If breaks the Tops, we can go for long with Stop Loss at the neck level and if closes below neck we can short with Stop Loss at Tops.
Tata Power made a correction and took support in 23.60 retracement level, high possibilty of making a bullish move from here.
Nifty Might Retrace Back to 13977 Level following a Double Top neckline breakdown.
Breaking the Support Level
IOC giving a breakout.
Breakout Strategy. 76.75 and 75.35 are levels for entry and Stop Loss.
we can buy ITC at current level, if market goes down buy more. and hold to the level of 265.
Don't Just buy on behalf of my analysis. Go analyse the stock fundamentally on your own. A fundamentally Strong Stock is giving Breakouts everytime after little consolidation.
NSE:TATAPOWER TataPower getting back from retracement level of 23.60 and near S&R level. Breakout might give a Good target.