17 Aug 2020 ● 02:37 PM
Tata power is stilling below the falling channel from 2018 at 58.40. A breakout would mark a trend reversal at some degree. The rally from the May bottom in the stock is in a 3rd wave advance as of now. Using a channel we can consider the top end of the channel at 74 as the next important resistance if we breakout. The lower end of the channel is at 52. And if wave 3=1 then we get 91.