Tata Power - Looking good for breakout!

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The stock in long term consolidation phase but set up look positive for near term breakout.

Weekly Chart- The price consolidating in channel since Oct’21 and pole & flag pattern clearly visible in chart. The flag breakout will generate a significate return on long term basis, approx.to pole distance i.e., 55%.

Daily Chart – The breakout with bullish candle & volume and 20 ema continuously supporting the price at lower level.
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Thanks
-AJ

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Nota
price closed below ema 20 and support trendline.

Be cautious !!

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Dagangan ditutup secara manual
Close the trade (if any) as per price action.

Stop loss below RS 213 !!
Nota
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Dagangan aktif
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Nota
momentum !!
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Dagangan ditutup: sasaran tercapai
target 1 achieved !!
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