Friends
Check the chart of TATA POWER.
A clear channel formation in an continued uptrend is visible. No fuss - No mess just plain simple chart showing channel. One can also see MACD crossing above the ZERO line from under. This again is a v.positive indicator of a strong uptrend to come ahead.
The stock (Rs.1354) is right at the bottom of channel & so its a minimum risk buy at this time. Buy with an SL - 1317 (closing basis) & a attractive target of 1554.
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