Stock Analysis Series - Tata Power - Bearish - Wait
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** Daily Timeframe **
1. Reached all time high of Rs.265 and started to fall ever since
2. IN this fall, we see a support in Rs.215 range
3. Now, we see a breach of this Rs.215 and expecting a downfall to Rs.185-190
4. From Rs.185-190 (entry point), we can expect gradual upside, marked in chart -14%, 25%, 32% and 40%
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
===================================================
** Daily Timeframe **
1. Reached all time high of Rs.265 and started to fall ever since
2. IN this fall, we see a support in Rs.215 range
3. Now, we see a breach of this Rs.215 and expecting a downfall to Rs.185-190
4. From Rs.185-190 (entry point), we can expect gradual upside, marked in chart -14%, 25%, 32% and 40%
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran