thetradeterminal

TATA Power Buy Setup

Long
NSE:TATAPOWER   TATA POWER CO LTD
In weekly chart TATAPOWER has been given a breakout above level of 230.40 and closed above resistance level. In this situation buyer can wait for some price retracement up to level of 225 which could be best entry level to take buy entry with stop loss of 215 (-10 Points risk).
My expected upside target would be 235 (+10), 243 (+18) & 247 (+22).
This could be more that 1:2 risk reward opportunity.

Note: This is my personal analysis, only to learn stock market behavior. Thanks.

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