If Tata Power's stock price surpasses the threshold of 396, there is an expectation or speculation that it might experience a decline. This could indicate a significant resistance level or a point at which investors believe the stock has become overvalued, prompting selling pressure and a subsequent decrease in its price. Investors may interpret this as a signal to potentially sell their holdings or refrain from buying further until the price stabilizes or retraces to a more favorable level. Such movements in the stock price could be influenced by various factors, including market sentiment, company performance, industry trends, or broader economic conditions.
which chart pattern you drawn?