Tata Power can touch 1550 if it breaks 1400: Devang Visaria

ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com, on his views on Tata Power.

ET Now: What's your outlook on Tata Power?

Devang Visaria: Tata Power has just been consolidating below its 200 day moving average and 89 day average and yesterday it just managed to close above the same. So there again you have a very strong bias on the upside, possibly for targets of 1395-1400 and once it gets past 1400, you could have a move all the way to 1550.

Another fact is that Tata Power has not really moved up while the rest of the market was moving up, so possibly it is likely to play catch up with the rally.