Tata Power TA @ Reader’s Request

By | February 18, 2010

TATA Power is at a very Crucial Juncture @200 SMA closing below it might below that level will be bear hammering for this stock.

Bears tried to took the upper hand and tried 3 times to close the stock below 200 SMA of 1252 but were unable to do that.

As per RSI we are seeing positive divergence in stock and which can lead to short covering in this stock as today we have seen rise in volumes.

Support is at 1229 if thaat breaks 1209 and 1183 levels are on card

Resistance comes at 1275 and if closes above that 1298 and 1321 on cards.

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