TATA POWER
According to my opinion, Tata Power looks bearish if it brokes the 44-EMA line. It is also at its crucial support. For now, it is forming a descending triangle formation if the next candle breaches the 44-EMA line or the present 215 level and gives a close below it on the daily chart, an initial target of around 200 is placed (which might act as a strong support). For upside movement, the candle has to close above the 44-EMA, 50-MA and the downward trend line. If it nullifies this pattern (which is highly unlikely), Tata Power will move towards 228 levels.
THOSE ARE MY VIEWS AND ARE FOR INFORMATION PURPOSE ONLY. LET ME KNOW YOUR VIEWS IN COMMENTS.
THOSE ARE MY VIEWS AND ARE FOR INFORMATION PURPOSE ONLY. LET ME KNOW YOUR VIEWS IN COMMENTS.
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