Tata Power & Tata Communications: Dynamic Duo Poised for UpswingTata 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.
