TATA POWER has breakout long consolidation range and now stock is retracing it can be seen on Fibonacci retracement level currently stock is on level 0.32 it may retrace to level 0.5 or 0.61 also and it can clearly seen on the volume chart that if market is forming red candle then the volume is decreasing so retracement is might be profit booking for short-term traders.
Disclaimer:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Disclaimer:
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.