A few names in Power and Power Finance Companies are on verge of breakouts. Are we seeing a turnaround in the sector for long term ?
Tata Power – Bouncing after testing support. Sustaining 75-77 would be an indication of turnaround.
Torrent Power – Good base made at 210-220 and now a short term breakout done above 255-258
Power Finance – Multiple tops at 88-90. Crossing and sustaining would be a trend change.
REC – Crosses recent highs and can possibly bounce towards 130-135 and then consolidation for a long term reversal.
The BSE SMallcap Index is also on verge of a short term breakout. Can we see selective catch up in Smallcaps ?
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