TATA POWER: ON THE VERGE OF A GOLDEN CROSS

12 thg 5, 2021

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