TATAPOWER
Tata Power's 50:50 joint venture with Exxaro Resources in South Africa, Cennergi (Pty) announced commencement of commercial operations for its 95 MW Tsitsikamma Community wind farm project on Thursday. Technically on weekly chart, price is moving up from a significant base formation and consolidation. I expect price to hit 90 levels over next few months. Keep 70 levels as stop-loss and trade cautiously. Volume spike over last two spikes indicate that smart money is investing in the script.