Tata Power

Tata power, daily macd indicator has given positive crossover and that also above zero line, it looks like the stock has started wave (5) of 3. as of wave (5) unfolds, the stock can possibly rise higher to 140, 146, 151, 160, and 171 levels. one can go long at these levels or in dips (if any opportunity) price can dip towards green box buying zones mentioned on chart with stoploss of 121.

wave structure could be like this

key levels are mentioned on chart

macd in daily pco above zero line and uptick

rsi in daily is uptick and above 60

price above med.bollinger

dmi and adx positive


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing