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Will "Tata Communication" reach 1800 level NSE:TATACOMM "Let every nation flag rise" TECHNICALS - As we can see in chart NSE:TATACOMM is making a Bullish flag Pattern with rise in volume when the marker was trending and decline in volume in the formation of the flag this is a high probability setup for being LONG above the resistance of (1674.00) to the target of 1800 which is a near Fibonacci level of (1.618)and a price level of 1800. FUNDAMENTAL - NSE:ISEC has upgraded NSE:TATACOMM latest report publish by them . ACQUIRE - Tata Communications NSE:TATACOMM has agreed to acquire Kaleyra, a US-based omnichannel integrated CPaaS player for enterprise value of US$250mn (0.73x CY22 sales). This is likely to enhance NSE:TATACOMM global position in CPaaS services (which is growing at 25% CAGR as per Juniper), and with The Switch acquisition, NSE:TATACOMM position in the US may become stronger. Strong digital businesses in the US can assist NSE:TATACOMM to cross sell other products, thereby, improving market share in core connectivity and Digital services Over all market - The market index NSE:NIFTY and the communication sector must also show support for this idea to work CONCLUSION - All this Fundamental and technical analyses make a higher probability for NSE:TATACOMM to reach 1800 .
NSE:TATACOMMLong
by Abbhishekumr
1
Supriya superb longSupriya shows bullish potential due to the following factors 1. Upward channel giving a good range bound move 2. Buying with good volume and candles seen at the support zone 3. Golden cross about to form 4. Bullish flag with low volume We should take the position sizing approach, Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Hence, buying as close to the trendline, moving averages and support zone and adding more on the break of the flag pattern. Target: 320 Stop loss: 231.90 Keep It Simple
NSE:SUPRIYALong
by Krish_Kohal