Stocks To Buy Now 💥 Tata Power | ICICI Direct
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Gladiator Stocks : Tata Power
Technical Outlook
Power sector is one of the key outperformers after a decade long breakout posted by BSE Power index late last year. Sector exhibited remarkable resilience in the corrective phase of past 3 months. In large cap power space Tata Power has seen breakout from short term consolidation indicating resumption of uptrend
Key observation:
Since breakout from two year consolidation range, stock has been holding above its 50-day rising EMA since December 2023, signalling inherent strength and robust price structure
In current scenario also share price is maintaining that rhythm.
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