TATA POWER CO LTD
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Sell Tata Power

142
Stars seem to have aligned in favour of the sellers.

The daily chart shows:
Head -and-shoulders pattern in progress. The right shoulder's descend about to start with neckline positioned at Rs. 185.
The MACD is crossing bearish

The monthly chart shows:

A bear cross between 5- and 10-month MAs. The stock recently failed to keep gains above both averages, validating the bear cross.

Sell Tata power between 220-225 target 185 stops above 245

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