$TATAPOWER

$TATAPOWER Tata Power has been trading in a corrective phase after failing to sustain near its previous highs. The stock is currently around ₹378–379, trading below its short- and medium-term moving averages, which indicates that momentum is still weak despite occasional pullbacks. Technical View Trend: Short-term trend remains neutral to bearish. Momentum: RSI is around 39, indicating weak momentum but not yet oversold. Moving Averages: Price is below the 20, 50, 100 and 200-day averages, suggesting the stock is still in a recovery phase rather than a confirmed uptrend. Important Levels Support Zone ₹375 ₹365–370 Major support: ₹342–345 Resistance Zone ₹385 ₹395–400 Strong breakout level: ₹420+