Wednesday, April 18, 2012

TATAPOWER: Upward breakout and closing above 200sma

TATAPOWER: Stock price of tatapower has breakout from the slopping trend line with support of good volumes as well as closing above 200 sma.Technical indicator MACD and RSI gave positive signal for the up move.
The up move is likely to continue where the next area of resistance is seen around 112.5 / 116.5 on lower side support expected around 103.

No comments:

Post a Comment