Einstein15

TATACOMM Channel Breakout

NSE:TATACOMM   TATA COMMUNICATION
TATACOMM             is moving in a channel, respecting a neckline, breaking our of it finding resistance at upper channel.
Awaiting retest of neckline or breakout
Comment: Another Setup. HIT THE PLAY BUTTON.
After a good leg down, its on the bottom support level.
Watchout for a reversal or breakout.
Sir target and sl plz...thanks
Reply
@naizycm, NO, thats for you to decide. How yo want to trade it. Also it depends on quantity that u are trading with and the time frame and the duration. And your risk appetite and trading style.
Also it depends on what you consider a breakout coz there are 10s candlestick patterns to trade breakouts. So its uptp you to study the charts and use whatever indicators you use to give you conformation and all. :)
Reply
naizycm Einstein15
@Einstein15, ok thanks sir, I got the pointpoint :-)
Reply
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