Torrent Power Ltd. : A good private sector power play

This stock is trading around 340. We will shortly update fundamental snippets of the company. Meanwhile, see how for the past 7 years the stock has been trekking the charts with the consistent pattern of higher high and lower lows ascending trendline on the monthly chart. According to tenets of technical analysis the stock could skyrocket once it crosses its lifetime high to which it is very near around 360.

Normally, we advise to steer clear of power utility related stocks, all of them. This one seems to be exception with the strong parent group and consistency of financial performance.