NSE:TATACOMMGood for intraday to positional... Safe players can enter the trade on retracement with strict SL.....
Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
have you seen the move off late, touched 880, the 950 then 1050.. this is crazy... Tata comm is always a tough nut to crack.. but all these sharp moves are not backed by volume..........hardly any volume even in 5% upside... what's your new take....... request you to come up again with a new chart assessment....will be very helpful. .......Thanks for the good work
mukeshsingh92
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Wht's the upside of this breakout, 20 points -30 points only. that is just 2-3%, stock is not even in f&O or intraday.. can you see a longer time frame for a bigger upside /downside ? Tata comm is a very very tricky stock... it always proves wrong, everytime i tried.
tradingrhythm1
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@mukeshsingh92, Definitely, every stock has its shade... Currently i am seeing 1100 as immediate target and can decide based on price action there with SL of lower trend line on closing basis... I am happy to enter if i see good RR... I am still in currently...
mukeshsingh92
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@tradingrhythm1,see the jump today.....excellent but retracement is also sharp ........very tricky trade in Tata Commm... what's the view.. i haven't sold @ top.. I am expecting this to move 1500 surely... wht's ur view
tradingrhythm1
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@mukeshsingh92, I don't see any patterns currently after recent fall and price action is choppy but what i can see is it can consolidate here a bit after seeing todays candle. Also one more thing is any day weekly close below 980 levels is alarming for me to book. I suggest to book your profits or partials based on RR which helps your psychology to hold long term.. if your risk appetite is more then it is fine.. All the best!!