Tata Power hourly charts... breaks out from a raising channel.....
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. Past performance is no guarantee of future success and no representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Though all care is taken in presenting factually correct data and arriving at the recommendations given herein, the readers using the information contained herein are solely responsible for their actions. The analyst or the blog may or may not be holding positions in the securities mentioned but being market participants themselves, they may be deemed to be interested to that extent.
2 comments:
Friday saw Tata Power reached its target of 600, given at 545. Above 605, I would say 630-665 ;-)
Another triangle formation. Tata Power has support at 540-532 levels with resistance zone being 563-570. Above 575, it should again test the recent high of 600-625, with an eventual target of 665 given earlier.
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