TATACOMM - Breakout Candidate?
Updated
CMP: 1835
Base Breakout seen in shorter TF.
But on Daily TF, price is at the 200DEMA. A decisive breakout above 1850 could provide thrust on the short term.
Previous price pattern suggests that either the price move directly from here OR one more low to test the rising trendline at the bottom. Currently in watchlist, awaiting confirmation.
I reiterate, my views could only give a different perspective. Please dont trade F&O based on my views.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Base Breakout seen in shorter TF.
But on Daily TF, price is at the 200DEMA. A decisive breakout above 1850 could provide thrust on the short term.
Previous price pattern suggests that either the price move directly from here OR one more low to test the rising trendline at the bottom. Currently in watchlist, awaiting confirmation.
I reiterate, my views could only give a different perspective. Please dont trade F&O based on my views.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Trade active
Short term breakout didnt playout as expected.. Looks like it is playing the previous pattern.. 1600 is the key level to watch now.. Still in watchlist.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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