Tata Power is on the verge of forming a golden cross. A Golden Cross is a basic technical indicator that occurs in the market when a short term moving average (50-day) of an asset rises above a long-term moving average (200-day). When i see a Golden Cross occur, i view the chart pattern as indicative of a strong bull run.
Stock is near 52W high with significant volumes and RSI is also indicating price strength.
Target: 150
Horizon: 12W
Stock is near 52W high with significant volumes and RSI is also indicating price strength.
Target: 150
Horizon: 12W