Tata Power Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Tata Power closed the previous week on a negative note losing 8.60%

Technically, Tata Power share price will see immediate support at 221.90 and immediate resistance would be seen at 242.30

If Tata Power share price closes below immediate support of 221.90, then sharp breakdown can be seen. Tata Power share price will see major support at 209.15 for the week.

On the positive side, immediate resistance will be seen at 242.30. Closing above 242.30, Tata Power share price will see a sharp breakout. Major resistance for Tata Power share price will be seen at 249.95 for the week.

Trading range for Tata Power share price for this week should be between 201.50 on down side and 262.70 on up side.

Tata Power Previous Week High: 237.2

Tata Power Previous Week Low: 216.8

Tata Power Previous Week Range: 20.4 Points

Tata Power share price support and resistance for the week (July 31, 2023 – August 04, 2023)