Tata Power

TATA POWER

One of the user's query on Tata Power on FB

My Views are very clear on Tata Power and that is not have these type of stock why?
Chart is very clearly showing that long term as well as mid term trend is down from so long.

Previously in Sep. it changed the short term trend to up but @ 80 level on 30th Sep it again changed the short term trend to down and still in down trend till below 84-85 point to not here is that 85 is a strong resistance too.
So when all the trends are down then why should we stay with Tata power or why should we plan to get in that.
I can't find any reason.

Positives
As per fundamental Tata power is ok kind cause
sales are increasing from 2011
profit is increasing from 2009 but profit can increase continuously only when sales also increase.

Negatives
Unsecured loan increase drastically in 2012 compare to 2011 almost 100%.
Debt is continuously increasing from 2009
Book value 51 only

So there is no point to invest in Tata Power or hold any more time better to switch to any good script.

But those who r invested and don't want to exit should follow 77 as stop loss and try to exit @ 84 level and if targeting more then that then wait to break out the level of 86 and plan to exit @ 90-93 level.
If I would be in ur place I will definately exit no matter with profit or loss.

Regards,
Sanjay sansanwal