Tata Power: Bullish cup and handle

Tata Power is trying to move away from its 16 weeks of price consolidation.

There's a visible formation of a cup and handle chart pattern.
Can see a probable bullish price movement above the all time high level of 267.

Strong RSI and MACD lend support to bullish bias.

However, always keep a strict stop loss of 5-8%.

Note: Analysis only, Not a buy or sell recommendation. Please do due diligence and consult your advisor.

עסקה פעילה:

267 achieved.