Tata Power (TATAPOWER) Wyckoff Method Projections

825
Wyckoff Method
  • Phase A & B: Accumulation phase, price finds support, demand begins to emerge.
  • Breakout: A breakout above resistance at 376.20 signals the start of an uptrend.
  • Sign of Strength (SOS): Observed at 385, confirming bullish momentum.
  • Bullish Target: Potential rise to 447 if the trend continues.
  • Spring: Shakeout between 349-361, testing lower levels before moving upward.
  • Bearish Target: Potential decline to 273 if the trend reverses.

Bullish Case:
  • Resistance: Break above 376.20 and 385.50.
  • Target: 403-410 range.
  • Key Support: Must hold above 360-365.

Bearish Case:
  • Support Test: Break below 360-365 could lead to further downside.
  • Key Breakdown: A fall below 338.40 may signal a stronger bearish move.
  • Target: Downside potential to 325-330 or even lower.


Disclaimer: The above projections are based on technical analysis and the Wyckoff method. They are not guarantees of future price movement. The market is unpredictable, and all trading decisions should be made with caution and appropriate risk management.

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