Sops for green energy? Here's how Tata Power, Adani Green look on charts

Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge

In line with the government’s focus on reducing emissions and dependence on fossil fuels, analysts expect a raft of support for infrastructure development for electric vehicles and green energy generation in the upcoming Budget on February 1. Here's how the enery related shares look on charts a day ahead of the Union Budget 2022.

Tata Power Co. Ltd (TATAPOWER)
Outlook: Consolidation range

The shares of Tata Power Ltd are trading in a tight range of Rs 255 to Rs 200 levels since November 2021. A decisive move out of this range would determine the next course of action.