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MARKET OUTLOOKSTOCK OUTLOOKTATAPOWER

Tata Power Outlook for the Week (August 14, 2023 – August 18, 2023)

Tata Power closed the previous week on a negative note losing 4.63%.

Technically, Tata Power share price will see immediate support at 230.57 and immediate resistance would be seen at 241.77.

If Tata Power share price closes below immediate support of 230.57, then sharp breakdown can be seen. Tata Power share price will see major support at 224.93 for the week.

On the positive side, immediate resistance will be seen at 241.77. Closing above 241.77, Tata Power share price will see a sharp breakout. Major resistance for Tata Power share price will be seen at 247.33 for the week.

Trading range for Tata Power share price for this week should be between 219.37 on down side and 252.97 on up side.

Tata Power Previous Week High: 241.7

Tata Power Previous Week Low: 230.5

Tata Power Previous Week Range: 11.2 Points

Tata Power share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 252.97
Resistance 2 247.33
Resistance 1 241.77
Support 1 230.57
Support 2 224.93
Support 3 219.37

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