Tata Power- CMP 77.1. It has gone up to 88 and corrected from there. It took support at 74.2 which is 50EMA and also has multiple support points at this price on daily chart. Can be taken with a stop loss of 72 for a target of 82, 88 very soon. It is also in the business of execution of solar power projects and government may give some sops in upcoming budget. Then it may go up. This purely for educational purpose and any investment shall be done based on the advice of financial experts.
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It has gone up to 91.65 and closed at 87.45 on friday. It met all my targets and exceeded even. A 20% rise in few days.
@avlnrao63 Government plans $41 billion reform to revive ailing power utilities … Positive for Power stocks - Power stocks are witnessing fresh buying after the news that the Government plans to spend Rs 3 lakh crore ($41 billion) on a new plan to revive regional electricity retailers.Dr. Praveer Sinha, CEO & MD, Tata Power expecting a big push to renewable energy, results awaited on Feb4th, and dips will be cleanly observed....!! Hope it wont break 74.2....!!