Axis Direct says Tata Power remains within a medium-term rising channel and has rebounded sharply after taking support at the lower band, signalling renewed buying interest. The brokerage notes that rising volumes near support confirm stronger participation, while the rebound from the 50% Fibonacci retracement has reaffirmed the 372 zone as a solid base. Axis Direct adds that the weekly RSI has delivered a positive crossover, “validating the strength in price action.”
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