TATA POWER CO LTDPembelian
Tata Power Co Ltd. - Weekly Chart Analysis
This weekly chart of Tata Power Co Ltd. outlines a potential bullish setup with Fibonacci retracement levels indicating crucial areas of support and resistance. The trade details are as follows:
Entry: Around 424.80 INR
Target: 450.55 INR (Potential upside: 5.95%)
Stop Loss: 403.00 INR (Potential downside: 5.14%)
Risk/Reward Ratio: Approximately 1.16:1
The price is currently navigating through a consolidation phase, with a potential for an upward breakout as it approaches key resistance levels near 450 INR. The Fibonacci levels suggest the possibility of a strong move towards the 1.618 extension at 563.30 INR if the breakout sustains. This setup presents a moderate risk/reward ratio, making it suitable for traders looking for short-to-medium-term opportunities.
Entry: Around 424.80 INR
Target: 450.55 INR (Potential upside: 5.95%)
Stop Loss: 403.00 INR (Potential downside: 5.14%)
Risk/Reward Ratio: Approximately 1.16:1
The price is currently navigating through a consolidation phase, with a potential for an upward breakout as it approaches key resistance levels near 450 INR. The Fibonacci levels suggest the possibility of a strong move towards the 1.618 extension at 563.30 INR if the breakout sustains. This setup presents a moderate risk/reward ratio, making it suitable for traders looking for short-to-medium-term opportunities.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.