Roller Coaster Ride in Power Stock.

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Nse: Tata Power

Since after a decline in a stock since January 2018 from 100.80 (Close as on 03rd Jan 2018) was in down trend and also it has been corrected almost 35%-40% to its low of Rs 59.80 (Close as on 09th Oct 2018) and after that it has revers the trend into Up Trend.


Today it has given the breakout of Inverted Head & Shoulder which can be seen in Below Chart also with that stock has close above 200DMA and formed a Island reversal Bullish Candle with Huge Volume which also indicates there might be some upside rally yet to come. Breakout of above price pattern we might witness up rally of 15% to 20% in a short term and if there is something negative than main and important support line of Rs 78.




*Disclosure:-
This presentation / newsletter / report is strictly for information and illustrative purposes only and should not be considered to be an offer, or solicitation of an offer, to buy or sell any securities or to enter into any Portfolio Management agreements. This presentation / newsletter/ report is prepared by Chirag R Sanghvi. Any dissemination, copying or circulation of this communication in any form is strictly prohibited. Neither me nor any of their respective affiliates or representatives make any express or implied representation or warranty as to the adequacy or accuracy of the statistical data or factual statement concerning India or its economy or make any representation as to the accuracy, completeness, reasonableness or sufficiency of any of the information contained in the presentation / newsletter / report herein, or in the case of projections, as to their attainability or the accuracy or completeness of the assumptions from which they are derived, and it is expected each prospective investor will pursue its own independent due diligence. In preparing this presentation / newsletter / report, Chirag R Sanghvi is not liable for any loss or damage (direct or indirect) suffered as a result of relay upon any statements contained in, or any omission from this presentation/ newsletter / report and any such liability is expressly disclaimed.

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