Kishore

TATA POWER INSIDE DESCENDING CHANNEL

NSE:TATAPOWER   TATA POWER CO LTD
market analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance.

Long term scenario: The market is trading inside a huge descending triangle . It has reached the resistance. If the resistance holds on we can see a very high bearish market ahead. So lets see what the market does in the coming days. Cheers!
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