TATAPOWER at 1254 on Aug 17 Coming back to ice after successfully scaling the resistance at 1200. The volume has come down nicely and the stock is close to its 20-day SMA. The upside target is 1500. A close below 1215 is not good as it might imply a false breakout. The volume should be low for it to sustain the breakout. Nice entry point with a firm stop loss at 1210.
TATAPOWER at 1271 on Sept 11 After the last post, went and challenged the Aug 3 high on Aug 26. Didn't get the volume. It is now coming back and will test the lows again. The volume is also dropping and that is good news. The 1210-1250 range will be a good entry point.
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TATAPOWER at 1254 on Aug 17
Coming back to ice after successfully scaling the resistance at 1200. The volume has come down nicely and the stock is close to its 20-day SMA. The upside target is 1500. A close below 1215 is not good as it might imply a false breakout. The volume should be low for it to sustain the breakout. Nice entry point with a firm stop loss at 1210.
TATAPOWER at 1271 on Sept 11
After the last post, went and challenged the Aug 3 high on Aug 26. Didn't get the volume. It is now coming back and will test the lows again. The volume is also dropping and that is good news. The 1210-1250 range will be a good entry point.
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