Tata Power at Make-or-Break Levels Near ₹400

Tata Power is currently trading around ₹400, a pivotal zone on the weekly chart. This level serves as a critical inflection point, with significant implications for the stock’s medium-term trajectory.

Key Observations:
Support Levels:

Immediate support lies at ₹340-350, a previously tested zone.
A breach below this could push the stock toward ₹275, the next strong support.
Resistance Levels:

Immediate resistance is seen at ₹420-430. A breakout above this zone may open doors for a rally toward ₹480-500.
Scenarios to Watch:
Bullish Case:

Sustained momentum above ₹420 with high volume can confirm an uptrend, targeting ₹480 and beyond.
RSI nearing a neutral or bullish zone (~50-60) supports this case.
Bearish Case:

A breakdown below ₹340 might trigger a sell-off, with lower targets at ₹275 and ₹225.
Trading Plan:
Monitor price action and volume near ₹400. Breakout traders can aim for ₹480+ if resistance is breached, while cautious traders should wait for confirmation at support levels.

#TataPower #TechnicalAnalysis #TradingIdeas