tata teleservices has broken out of descending triangle pattern as well as taken a beautiful support from 50 EMA.
Current view is bullish with expected swing trading target around 107 for swing and 135-145 for positional trading.
LIKE OUR IDEAS============
POOR RESULT DRAG DOWN ,BETTER OPPORTUNITY FOR SELL BELOW 90 TGT-75/60/45.
NEW DEAL,AGREEMENT MAY BOOST UPSIDE BUY ABOVE 120 TGT-140/200 .
sIMPLY comments for any stock analysis.=====
Tata Teleservices has settled AGR dues case with the Government of India by issuing shares at Rs.41.5 and hence, I feel there should be a deep correction in this stock. I have marked the addition zones (where one can pick stocks and add to their position).
