Ticker

Tuesday, February 18, 2014

TATAPOWER



            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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