shiv2798

Tata Communication Possible Reversal Zone

NSE:TATACOMM   TATA COMMUNICATION
114 4 6
I am looking possible reversal set up in 1 Hour chart with confirmation for Going long in Price Zone of 642 to 624

Regards
Trade active: Trade Active for Target of 719
Regards
Comment: From 660 to 675 Booked my profit as market is going slow ,
700X15 points = 10500 in 4 days
Regards
Trade active: Took Support at 642 , I am already In let me see the closing today to continue for Target
Regards
Comment: Booked another Interim Profit form 642 to 677
Made my day
What will the time frame on your chart for 700+?
Reply
shiv2798 HarshShah
@HarshShah, Sir May be before end of next week
time factor is not possibly judged by Candlestick charting , but what we can identify is the trend sentiments , buyers ( institutional ) come with some buying then again they will take time for accumulation , or even it may happen that the stock can start go down for few points then turn , but main purpose is the buying sentiments , which are very important factors ,
Regards
Reply
shiv2798 HarshShah
@HarshShah, Sir its momentum halt , the stop would be still same , if you are going for any possible trade based on this chart , i request you to take your own decision , because this could be momentum halt , stock can still go further down or can go side ways ,
its only indication institutional have stepped in for buying ,
Regards
Reply
HarshShah shiv2798
@shiv2798, Thanks for the responses. It will help me for the analysis and tracking.
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