Tata Power (Long)

Tata Power (Weekly):
1. Formation of Penant on bigger time frame
2. Consolidating at 38.2 levels
3. Taking Support at 5 Weeks Exponential Moving Average
4. Inside Candle Breakout

Tata Power (Daily):
1. Positive Crossover of 5,13 Days EMA
2. Pennant Formation

Addl Points:
1. FII/FPI have decreased holdings from 11.06% to 10.84% in Dec 2021 qtr
2. Mutual Funds have decreased holdings from 8.30% to 4.48% in Dec 2021 qtr

Note:
The above analysis is for educational purpose.