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.
Tata Communication Future
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...
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...
It made 2 Days continuous Inside bar perfectly.
If it opens between 606.50 and 617, then trade on the breakout of these levels.
If going long keep SL 606.50. If going short keep short 617.
Buy Tata Communications with a S.L of 486 and targets of 498.3 , 501.95 respectively. Do not take a trade if it opens above 496.
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