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muhd_nihal
Aug 19, 2018 2:44 PM

Tatapower bounce from support Long

TATA POWER CO LTDNSE

Description

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

Comment

Target 1 done =10k+

Comment

Target 2 also done,
Lets wait for a swing low to enter back

Comment

Update SL to 74.3

Comment

Those who bought Sep futures at 71 corresponding to 69.1 in Eq and holding,
Buy 72.5 PE at CMP and sleep on this setup this month,
Zero loss and minimum profit of 4500 and upside is unlimited,
Refer the image for payoff graph
imgur.com/M7S9jTs
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