The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is qualifies to be good long term investment in power sector.
Short Term View:
1. trend is about to break 50 days moving average (which may be a strong resistance), should i wait for 50 days moving average breakout
2. you've set 33 as second target, but as you can see in chart there is one more strong resistance zone around 32 before 33, so shouldn't it be considered as second target.
please see my chart -
1. Yes, buying above 50 sma crossover is a safer option to do. I generally like to buy at support zone to minimize risk.
2. Yes, I have marked the second target at 33 as previously the price action turned from the same levels. In your chart, if you could see the previous high where it made an evening star bearish candlestick pattern, it indicated that it failed to crossover the previous resistance of 33, making it a stronger resistance level than 32.