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TATAPOWER - Volume backed momentum - About to break 50 EMA

Long
TATA POWER CO LTD (NSE:TATAPOWER)  
RushV Updated   
NSE:TATAPOWER   TATA POWER CO LTD
Chart Patterns Trend Analysis
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0
chartpattern trendanalysis
BUllish momentum backed by volumes, and is at the 50-day EMA (which it has respected historically and the price has stayed below the EMA); given the significant spike in volumes, possibility of breaking the 50-day EMA.
Trade closed manually:
Exited as negative news from Gujarat (reversal of the price increase)
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