nalinakshi

It appears tatacomm now changed its path.

BSE:TATACOMM   TATA COMMUNICATIONS LTD.
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after making low of 707 yesterday, the corrective phase is over. it may start back its bull run again, this bull run may take the stock to next level beyond 780. why i feel is fib retracements are perfectly support the view. After making double top , it retraced perfectly 23.6%. If you look back at the price 687 and 673 it made the same retracement and took support and moved upto 780.96, . and even i noticed divergence in true strength indicator . when the price made lower low to 707 it is showing higher high in 15 minutes time frame, so turnaround is in the corner. So bears be careful. let us wait and watch. Very interesting fact about fibonacci ratios act as leading indicator. when other oscillator are lagging. And also I noticed doji candle stick pattern on the weekly chart. If there are any better views other than this I wel come. Thanks
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