Power stocks finally moving big and one stock that appears very attractive on charts: Torrent Power
1. There seems to be sectoral move in Power stocks be it Adani Power, RPower, CESC
2. Breakout on the chart
As you can see in the daily chart above, Torrent Power was struggling to break past 183 for long time and now seems to have broken out. Now as long as stock holds 175 on closing basis - there will be hope of strong upmove in days and weeks to come.
Please do your own due diligence before trading or investment. Do not treat the above as any recommendation
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers