Tata Power & Tata Communications: Dynamic Duo Poised for Upswing

Sep 26

Tata Power

• The stock has shown a significant upward trend, reached at the 460 level, where it encountered strong resistance.
  
• As a result, the price pulled back and found support around the 405 level, entered a consolidation phase.
  
• During this phase, a Pole & Flag pattern developed on the chart, and with a recent breakout supported by robust trading volume, the stock is primed for further upward movement.

Tata Communications

• Overall, the price is on an upward trajectory, consistently making higher highs and lows.
  
• After hitting an all-time high close to the 2070 level, the price faced a notable rejection, resulted in a sharp decline followed by a consolidation phase.
  
• During this period, an Ascending Triangle pattern developed, and the stock has recently achieved a successful breakout.
  
• The current price action indicates that the stock is poised for another significant rally.