NSE: 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...
This stock has given a) parallel channel consolidation breakout b) Trendline breakout c) crossed 200EMA and
also continuing to complete d) rounding bottom pattern suggesting nearest target of 1420, provided stock
continues with the momentum to breach immediate resistance levels.
A Bullish flag and Pole breakout has been confirmed with very huge volume on the daily chart of Tata Communications.
Daily & Weekly RSI both are in bullish zone.
One can crete fresh position in Tata Communcations at 1610 or below with a stop loss of Rs. 1510 for a target of Rs, 1910.
The risk to reward ration is 1:3
Exit the position if the stop loss...
📈 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.
TATACOMM is displaying a promising flag pattern, indicating a potential bullish move ahead. It would be beneficial to include this stock on your watchlist. I anticipate a favourable upward movement in the near future. It is advisable to set a stop-loss below the swing low, approximately around 1500.
In this Video You Can See , This Particular Stock Has RE-CHECKED on levels to levels .
when all the break-out has came Together , Particular Stock Has Given Huge Breakout .
which was more then 30% Bouncy Returns Over Investment .
Technical Analysis Helps You to Learn Those Moves ,
its not something predicting future , but Definitely It Can Show You an Path .
Much of the power of bullish investors is found in Tata Communications.
If seen inside the chart, higher high and lower low is shown in parallel channels.
1429 level was a strong resistance level but now it is a support.
If the market sustains above the 1429 level then a bullish market can be seen and 1480 is the target.
The H&S pattern formed last year in Q3 and since then it never broke below the Right Shoulder despite the string selling that occurred towards the end of 2022. See how beautifully it has worked out. Nearing targets sooner than later.
The stock is at a perfect level to buy, The volumes at the support level are very high, if the stock sustains this bulls can run for a long time.
I am waiting for stock to test 1200 levels again to buy.
People in FOMO can add few quantities at this level. and add more quantities when needed to average.
Dont hold the stock below the trendline
TATACOMM:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about...
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...
Another beautiful Head and Shoulder pattern is formed in Tata Communication on Daily and Weekly charts. The price is already above the neckline and has been sustained there. Good opportunity for going long with a stop below the right shoulder.