Tata Power - Looking good for breakout!

The stock in long term consolidation phase but set up look positive for near term breakout.

Weekly Chart- The price consolidating in channel since Oct’21 and pole & flag pattern clearly visible in chart. The flag breakout will generate a significate return on long term basis, approx.to pole distance i.e., 55%.

Daily Chart – The breakout with bullish candle & volume and 20 ema continuously supporting the price at lower level.

Thanks
-AJ

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노트

price closed below ema 20 and support trendline.

Be cautious !!