TATA POWER CO LTD
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Tata Power & Tata Communications: Dynamic Duo Poised for Upswing

Tata Power
  • The stock has shown a significant upward trend, reached at the 460 level, where it encountered strong resistance.
  • As a result, the price pulled back and found support around the 405 level, entered a consolidation phase.
  • During this phase, a Pole & Flag pattern developed on the chart, and with a recent breakout supported by robust trading volume, the stock is primed for further upward movement.


Tata Communications
  • Overall, the price is on an upward trajectory, consistently making higher highs and lows.
  • After hitting an all-time high close to the 2070 level, the price faced a notable rejection, resulted in a sharp decline followed by a consolidation phase.
  • During this period, an Ascending Triangle pattern developed, and the stock has recently achieved a successful breakout.
  • The current price action indicates that the stock is poised for another significant rally.

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