TATAPOWER is closed at 79.55, 2.60 %
up. Fifteen days of range bound trading and consolidation, it has broken out
yesterday. There was a strong resistance zone of 76 and 77. Yesterday it has
cleared that zone successfully and closed at 77.50. Today it has confirmed the
uptrend by a full length 2.60 % up bar with a strong momentum. Please refer the
chart below to understand the stock better. So one can buy this stock for the targets of
81.50 and 84.50 with a Stop Loss of 76.50, which was a strong resistance
earlier.
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