Expecting a Bullish Move in TATACOFFEE

alokdaiya Updated   
As per the 2 Hour Chart of TATACOFFEE, we can witness a Formation of “Hammer” on the chart. Therefore, we are expecting a bullish momentum in TATACOFFEE in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 214.70, 216.75, and 220.20. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 209.85, on closing basis. Closing Price (as on 28.12.21) : 2112.55

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TATACOFFEE has successfully reached its predicted 1st level of Resistance, reflecting an uprise of 1.01% approx. and has made a High of 216.70, thereby reflecting an upmove of 1.95% approx.


Alok Daiya
SEBI Registered Research Analyst

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