natarajanshankar

TATA COMMUNICATIONS - Triangle Breakout strategy (June & July)

Long
NSE:TATACOMM   TATA COMMUNICATION
TATACOMM successfully broken the Triangle pattern and heading towards its targets as mentioned in the chart.
Its better to enter after the retracement happen in the current uptrend for a profitable entry. Please make sure that RSI should be above the trendline for double confirmation at the time of entry.

Kindly share your valuable thoughts.

Disclaimer: Please do your own analysis before taking any trade. This view is for educational purposes only.
Comment: wait for the retracement
Comment: Enter Long above 1161 for immediate target for 40 points.
Trade closed: target reached: Target 1 acheived. Book partial profits and trail SL
Comment: keep your New SL at Target 1 levels.
Trade closed: target reached: Target 2 also achieved.

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