Tata Power: Nice Short-term Opportunity

There are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper parallel of the red trend channel.

Am looking to buy this stock. Plan your trade and position-size judiciously.