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TATA POWER BIG MOVE ON THE VERGE?Tata power in the Recent Rally broke a long term trendline and then again took support around levels of Rs.50. It showed further consolidation before it broke the levels of Rs. 54.2. Now it is consolidating again in a channel pattern and rose by 2.36% in the last trading session but still remained intact in the channel. Have it in the watchlist, it can give you gains in intraday as well as swing trading in the upcoming days.
Tata Motors BreakoutTata Motors CMP trend is visibly showing higher highs and lower lows for past few months. Lows have significantly increased for minimum RSI and demand volume has increased considerably. Next Breakout is expected in a month when Tata Motors breaches 153 price level of resistance. Trend is expected to continue post this breakout as next level of resistance is the price band of 190-200.