125dma resistance, bearish divergence on RSi line of good demand all acting as a resistance for thsi weak upmove with low volumes and decreasing spread with advance..
Discalimer.. not an investing/trading recommendation
Price has come down to long-held support line. It seems that five waves down is also done and there is a positive divergence showing up. Either down slide of price will pause and/or price will reverse the course.
market analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance.
Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we...
My earlier message about this scrip is void. It was only till the expiry which was today.
This sector has seen too much of negativity in the short run.
Technically, the price has broken the downward pattern.
It has to test the high to contemplate a run downwards.
86 is the short term target and 91 for medium term **if the short term goes well**.
NSE:TATAPOWER Tata Power's 50:50 joint venture with Exxaro Resources in South Africa, Cennergi (Pty) announced commencement of commercial operations for its 95 MW Tsitsikamma Community wind farm project on Thursday.
Technically on weekly chart, price is moving up from a significant base formation and consolidation. I expect price to hit 90 levels over next...
Tata Power completed cyscle degree wave 1 & 2...Chart shows nice 5 wave impulse and good long tripple zig zag correction...We can count this as wave 1 & 2 of the cycel degree 3 wave....Buy at all dips....and hold for long term....
I think the price will go down till 71.93 because there is a resistance level a little bit to the left at 71.93 when the price goes back up from there. So, since the price has begun coming down, I say it will go down till the resistance level at 71.93.