Tata Power is about to break out above the resistance trendline that it has been consolidating under since October 2021. Looks strong above 230 with stops at 220 and target at 260/275.
Nifty has formed another indecisive candle today.. chance for bulls to make a comeback is abv 17375, whereas shorting opportunities may arise on breach of 17,225 level. If nifty doesn't break 17225 tmrw, we may c nifty heading towards 17400 soon. On the contrary if 17225 is broken we can see 17150 being tested after which market will start recovering. Use this dip...
