Tata Power ? Chart showing its loosing its power despite QOQ results showing better performance

Tata Power ? Chart showing its loosing its power despite QOQ results showing better performance see the quarterly performance (Click here) 

As per chart it has lost long term channel support and now its at last support of 97 if fails to hold then 85 -75 – 60 and 45 levels in which if it holds the below support above will become automatic resistance for next upmove it will not gain strength until it stays above 111

 

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