TATA COMMUNICATION - ABCD TGT 1940-2160
Updated
Tata Communications Ltd. is another interesting chart with following
1. RSI above 60 on daily and monthly time frame
2. Narrowing Bollinger Bands on Weekly Chart
3. High Trade and Delivery Quantity
4. Ascending Triangle Breakout on daily chart
5. Price Walking on upper Bollinger Bands on daily chart
6. ABCD Pattern under formation on weekly chart
Can be a Good risk reward to buy on dips and dips only with resistance near 1940 - 2030-2160 levels respevtively
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI above 60 on daily and monthly time frame
2. Narrowing Bollinger Bands on Weekly Chart
3. High Trade and Delivery Quantity
4. Ascending Triangle Breakout on daily chart
5. Price Walking on upper Bollinger Bands on daily chart
6. ABCD Pattern under formation on weekly chart
Can be a Good risk reward to buy on dips and dips only with resistance near 1940 - 2030-2160 levels respevtively
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached
TARGET 1 MET AS STOCK MADE HIGH OF 2070 PLUS
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