2 Sep 2020 ● 11:35 AM
Tata Power is closer to the lower end of the channel, and if it holds the recent correction is wave II of 3. Next III of 3 up is due and III=I is at 76 where as the larger degree 3=1 is at 91. The recent pullback has also put to test the breakout point of the falling trendline at 58. This is a important support then in the form of a breakout confirmation.