TATAPOWER // Levels // 1 hour

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TATAPOWER on a 1-hour timeframe

Support Levels: Look for recent lows where the stock price has bounced upward. For example, if Tata Power recently found support around ₹230, this would be a significant support level.

Resistance Levels: Determine recent highs where the stock price has struggled to break through. For instance, if the stock has faced resistance around ₹250, this level is crucial.

2. Trend Analysis
Determine Trend Direction: Analyze the general direction of the price movement over the past hour or several hours. Identify whether the stock is in an uptrend, downtrend, or moving sideways.

Support Levels:

₹440
₹435
₹430

Resistance Levels:

₹450
₹455
₹460