Tata Power: MACD Turns Positive Near Support

Tata Power company is attempting to stabilise after the decline from the September highs. Price is currently near ₹348, below the fast moving average around ₹361 and slightly below the slower moving average near ₹351. This means the broader short-term price trend has not yet turned positive, but the stock is holding near the recent ₹340–345 demand area. TATAPOWER The coloured MACD has started to improve. The MACD line has moved above the signal line and the histogram is green, indicating that downside momentum is weakening and a recovery attempt is underway. However, the indicator remains close to the zero line, so price needs to reclaim the moving averages for confirmation. The ₹351–361 zone is the immediate resistance band because both moving averages are clustered there. A sustained close above ₹361 can bring ₹371.50 into focus, followed by the ₹387.65 level. On the downside, ₹340 is the first support, followed by ₹330. Holding above ₹340 while the MACD histogram remains green would support a gradual recovery setup.