NSE: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...
Tata Power completed cyscle degree wave 1 & 2...Chart shows nice 5 wave impulse and good long tripple zig zag correction...We can count this as wave 1 & 2 of the cycel degree 3 wave....Buy at all dips....and hold for long term....
I think the price will go down till 71.93 because there is a resistance level a little bit to the left at 71.93 when the price goes back up from there. So, since the price has begun coming down, I say it will go down till the resistance level at 71.93.
Dis stock hit almost third time at resistance line and rejected from there so batter to stay short .entry stop loss and target given on chart.
HIT LIKE IF YOU AGREE WITH MY VIEW I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
