Tata Communication, Target 1420
Updated
This stock has given a) parallel channel consolidation breakout b) Trendline breakout c) crossed 200EMA and
also continuing to complete d) rounding bottom pattern suggesting nearest target of 1420, provided stock
continues with the momentum to breach immediate resistance levels.
also continuing to complete d) rounding bottom pattern suggesting nearest target of 1420, provided stock
continues with the momentum to breach immediate resistance levels.
Trade active
as expected the stock has retraced to 1270 and is near the support line with Doji candle. May retrace further upto trendline before continuing with upward movement.Trade closed: target reached
Rounding bottom top reached on 6-Jun-23. The stock is now open for the new target of 1700
Note
Stock reached new ATH 1952 in Sept 2023.
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