TATAPOWER has been trading near a trend line for a long time as you can see the chart. As Nifty is also in a downtrend in a 1D TF, there is a possibility that this stock could go down. With a proper volume and confirmations this stock could be traded for a good R:R.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades TATAPOWER