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Published on 14/11/2019 9:36:07 AM | Source: Religare Securities Ltd

Option Strategy Tata Power Company Ltd by Religare Securities

Posted in Broking Firm Views - Short Term Report| #Tata Power Company Ltd #Power Sector #Trading Report #Religare Securities Ltd

Tata Power Company Limited (TATAPOWER)

TATAPOWER has posted a fresh breakdown today i.e. Nov 13 after hovering in a range while holding below the resistance zone of major moving averages on the daily chart. The chart pattern combined with prevailing downtrend is further adding to the negativity. We advise initiating fresh shorts as per the mentioned levels.

Recommendation

Sell Tata Power Company Ltd Futs @ 56-57 SL 59 Target 51 CMP 55.30

 

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