Tata power on large timeframe is showing sign of heavy consolidation, some early signals are suggesting that it is rather a accumulation then distribution. Stocks is making Lower highs with slightly higher lows base formation on weekly timeframe.
Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout may be soon coming here as price has compressed heavily.
Keep this in radar.
Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout may be soon coming here as price has compressed heavily.
Keep this in radar.
Comment:
tata power almost 2x now