After touching high of 267, the price retraced to 201. After a tight consolidation we now seen an upward movement. Initial target is 268, after which the price can touch 297.
Around 297-300, I feel the momentum might slow down and extreme caution is to be exercised in case of new positions, since the stock has already given a substantial move. However, I am bullish on this stock over long term and I personally hold them with a long term view.
@kartheek_bv, Can't predict if it will reach 297 during Nov series, but yes I am long on Tata Power... Also, around 300, if it reaches there, I expect a correction and consolidation. I may be wrong, but this is my view.