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Tatacommunicationlong

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
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