TataPower- Let us trade the Animal-M

23 Agu 2016

Since the bottom in the zone 50-55- In traditional analysis we call it double bottom which was activated once 72.50 was taken out & Tata Power started moving upside. The first leg from bottom zone 50-55 is done in the zone 77-78. currently in sideways & time consuming pattern. Trading below 75 & later penetrating 73 as well shall give confidence that TataPower wants to move down. Below 73- Ideal zones shall be 67-68 & 62-63 for further upside movement or setting the stage for upside movement.