Sunday, September 27, 2015

Tata Power [BOM500400]

   Weekly long term trend [T1]: DOWN
   Weekly and daily short term trend [T2]: UP
   Weekly supply zone [R1]: 67.2 ~ 70.05
   Daily supply zone [R2]: 67.40 ~ 68.5 - It is inside R1.

It should be observed in coming days and weeks to test R1 & R2. Lets see how it pans out.

The above charts are created using tradingview.

Disclaimer: The views presented on desibullz are my personal views. The analysis is my study of technical analysis and for educational purpose only. The views and analysis are not trading tips and should not be used for trading. The financial gain/loss arising by using the views/analysis is personal responsibility of stock trader/investor.

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