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TATACOMM

TATA COMMUNICATIONS - TRADING AT MAJOR SUPPORT ZONESymbol - TATACOMM CMP - 1388 Tata Communications Ltd. has shown weakness over the past few months, with the overall technical structure indicating a bearish outlook. However, the stock has recently reached a major demand zone, which lies between the 1380-1350 range, a level that has held significant support in previous price actions since 2021. This zone could act as a strong demand area, potentially offering a good trading opportunity at current prices. The stock has been under selling pressure in the short term, but as it approaches this demand zone, the probability of a reversal or at least a short-term bounce increases. The technical indicators suggest that the stock is at a crucial level where the demand could pick up, leading to a possible upward movement from current levels. Although the broader trend has been bearish, the price action near this support level creates an attractive risk-reward setup. Given the recent price action, I am taking long positions in TATACOMM Futures at 1388. I will look to add more positions if the price reaches 1360-1350 range. My SL is set at 1325 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower. The target I am expecting is 1520, which represents more than a 10% upside from current levels. This target aligns with previous resistance areas and the potential for a bullish move once the stock stabilizes at the demand zone. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:TATACOMMLong
by akshit_official
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. 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
NSE:TATACOMMLong
by Munish_Jain
3
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. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:TATACOMMLong
by BrahmaBull31
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
NSE:TATACOMMLong
by Munish_Jain
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. If you find this analysis helpful, don't forget to like and share your observations in the comments section. Your support, likes, follows, and feedback keep me motivated to write consistently. 📢🚀 Follow me on TradingView for more insightful articles and trade setups: in.tradingview.com 💪💹 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.
NSE:TATACOMMLong
by AfnanTAjuddin
2
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
NSE:BANKNIFTY1!
by purisonshuf
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. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:TATACOMMLong
by nikunjbhadja
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. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TATACOMMLong
by radha_23
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.
NSE:TATACOMMLong
by ShelendrAgrawal
#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
NSE:TATACOMMLong
by PortfolioBuddy
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.
NSE:TATACOMMLong
by natarajanshankar
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.
NSE:TATACOMMLong
by virralthakkaar
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
NSE:TATACOMM
by KushalAgrawal