Multi Year Breakout in Tata Power
After 2018 Tata Power has given a good breakout and pulled back to it's support and continued it's upside direction.
Even after a good Upside move it broke out of the 56-58 zone but this breakout turned out to be failure.
After being stuck in a Good 70 Day Range, It has broken out of that range with a good volumes and again pulled back to the support with volumes on the lower side.
70 Day Range = 50-57
CMP = 58.1
Entry can be taken here at 58 with an SL at 50-50.2.
I will post the Weekly chart in the update below for better clarity.
Even after a good Upside move it broke out of the 56-58 zone but this breakout turned out to be failure.
After being stuck in a Good 70 Day Range, It has broken out of that range with a good volumes and again pulled back to the support with volumes on the lower side.
70 Day Range = 50-57
CMP = 58.1
Entry can be taken here at 58 with an SL at 50-50.2.
I will post the Weekly chart in the update below for better clarity.
Note
CMP 69
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.