TATACOMM
TATACOMM | Swing Trade📊 DETAILS
Sector: Telecommunications Services
Mkt Cap: 52,226 cr
Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA. It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data center services.
TTM PE : 53.66 (High PE)
Sector PE : 77.82
Beta : 0.98
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
7.25% away from 52 week high
Outperformer - Tata Communications up by 4.47% v/s NIFTY 50 up by 2.55% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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TATACOMM - Bullish Consolidation with VolumesNSE: TATACOMM is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 18% to 25% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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TATACOMM | Swing Trade📊 Details
Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA. It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data center services.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Tata Communication - Breakout of consolidation📈 Key Details 📈
Tata Communication is a prominent member of the Tata group, a leading business conglomerate in India with a major presence in telecommunications.
The stock is currently trading at its all-time high levels, indicating strong bullish momentum.
After a consolidation phase lasting over 40 days, the stock has broken out.
📈 Technical Analysis 📈
Tata Communication's chart reveals an exciting trading opportunity. The stock has recently experienced a bullish breakout on the 75-minute timeframe, accompanied by significant trading volume. The breakout candle opened with a gap up and formed a Marubozu, indicating strong buying pressure throughout the session.
📊 Trade Plan 📊
To capitalize on this breakout, consider the following trade plan:
Enter a long trade above the high of the breakout candle.
Set a Stop Loss (SL) below the marked supply area on the chart to manage risk effectively.
Consider trailing your Stop Loss to protect potential profits as the trade progresses.
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💪💹 Happy trading, and remember: every trade is an opportunity for growth! 💹💪
Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead.
Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels
Stocks to watch for positional view
MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268
INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271
Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970
Stocks for Swing are
SIEMENS SL Below 3000 tgt 3240-3320
SBIN SL below 575 TGT 610- 628
HAL SL below 2430 TGT 2564 - 2620
Previous Week Positions.
LT -- TGT achieved
mphasis stoploss triggered
ABCAPITAL --- still open TGT 170+ SL below 138
TATACOMM ---- Still Open TGT 1460 SL below 1310
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
TATACOMM - Ichimoku Bullish Breakout Stock Name - Tata Communications Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1387
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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TATA COMMUNICATIONS LTD - Long Term + Cup & Handle Breakout Soon📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
Key highlights: 💡⚡
📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1258.95
🟢 Target 🎯🏆 - 1400
⚠️ Stoploss ☠️🚫 - TRAILING
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Tata Communication Chart Analysis !!📈 TATA Communication 📉
This Stock Broke out from a consolidation zone of 1100-1200 of a month inside this range on upside with a strong green candle.
This can be a stock for long ride.
Bias - Long
Target - 1268, 1313, 1485 and 1558
SL - 1100
RR- 1:3
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#TATACOMM looks to be a eligible counter for breakout above 1350#TATACOMM #TATA COMMUNICATIONS looks to be a eligible counter for breakout above 1350
The weekly charts are showing nice pullback to previous made high of about 1350 levels after a retest spread over 10 weeks
On the daily charts a cup and handle formation is visible which is also supporting the analysis of an upmove
The volume support has been steady/increasing in the recent past
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
TATA COMMUNICATIONS - Triangle Breakout strategy (June & July)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.
Tata CommunicationTata Communication Future
LTP: 1128.60
Support: 1053.05
Resistance: 1194.70 & 1280
This will my top pick as RSI is just about to make a bullish crossover along with triple bottom which is a bullish pattern.
Daily chart (long term)
Candles crossed over the DEMA on 19th April. The green candle made on the 20th April can be considered as a confirmation candle as it is trading over the DEMA.
Basic bullish DEMA pattern is 5, 10 and 20 DEMA. The DEMA currently is showing a reversal. 5 DEMA is crossing over the 10 DEMA. We may see a big up-move if the cross over continues.
MACD and RSI are showing a positive reversal as well.
Hourly chart (medium term)
The last candle is a beautiful green one with a huge momentum.
DEMA is in a positive reversal as well.
MACD and RSI too have entered bullish territory.
15m chart (short term)
50 DEMA is crossing over the 100 DEMA which is a very good sign.
Candles look strong.
MACD has some superb bars and is trading in the bull zone.
RSI too is in the bull zone.
Final overview: Can buy for medium term targets of 1190, 1250 and 1280. If the stock breaks 1280 and trades above these levels, we may see a huge up-move.
TATA COMMUNICATIONS - 1-3 MONTHS IDEACurrently Consolidating..
What i Found very Interesting in this chart is , Whenever the Stock goes down to 1050-1025 levels immediately buying comes , so its a strong demand zone !!!
TATA BRAND company so no issues with fundamentals.. I find this stock best BET to play communication sector theme !!
BUY AT CMP and Add above 1142 !!
I think once it croses and closes above 1142-1150.. very fast movement can come in this stock..
Stop Loss also can be kept at 1025-1050 on closing basis only.. Only a closing below that level will be bad for the stock