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Tata Power - Possible distribution scenario

TATA POWER CO LTD (NSE:TATAPOWER)  
johntradingwick  
NSE:TATAPOWER   TATA POWER CO LTD
Trend Analysis Supply and Demand TATAPOWER wyckoffdistribution Contains image
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18
trendanalysis supplyanddemand tatapower wyckoffdistribution containsimage
Tata Power is printing almost a textbook example of Wyckoff distribution. I have attached the distribution schematic for reference. The range low would act as the last point of supply and the price should get rejected from it.

Over the next few months, it may head towards the 150 level.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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