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Tagged: Dow Theory, TATA POWER - Bearish
Forming lower top and lower bottom scenario as per Dow theory.
Trade plan: Symbol: TATA POWER – Direction – short – Entry below 66 SL 77 and target 53.
At 68, While Breaking Previous Bottom, we could see increases in volume but thereafter price bounced back – This Indicates Demand.
Kindly add your opinion about the volume,
Dear sir/madam Very good DOWN TREND is found from MAR 2015. Even then actionable (short) trade is not possible since the scrip had crossed immediately all SL/RESISTANCE levels in its DOWNWARD move PLEASE mark Entry/ SL/ Target in the PAST chart and not in the futuristic projection where entry level(66.5) itself is yet to come as per the chart provided and the lowest price shown in the chart is 68
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