Will "Tata Communication" reach 1800 level NSE:TATACOMM
"Let every nation flag rise"
TECHNICALS - As we can see in chart NSE:TATACOMM is making a Bullish flag Pattern with rise in volume when the marker was trending and decline in volume in the formation of the flag this is a high probability setup for being LONG above the resistance of (1674.00) to the target of 1800 which is a near Fibonacci level of (1.618)and a price level of 1800.
FUNDAMENTAL - NSE:ISEC has upgraded NSE:TATACOMM latest report publish by them .
ACQUIRE - Tata Communications NSE:TATACOMM has agreed to acquire Kaleyra, a US-based omnichannel integrated CPaaS player for enterprise value of US$250mn (0.73x CY22
sales). This is likely to enhance NSE:TATACOMM global position in CPaaS services (which
is growing at 25% CAGR as per Juniper), and with The Switch acquisition, NSE:TATACOMM
position in the US may become stronger. Strong digital businesses in the US can
assist NSE:TATACOMM to cross sell other products, thereby, improving market share in core
connectivity and Digital services
Over all market - The market index NSE:NIFTY and the communication sector must also show support for this idea to work
CONCLUSION - All this Fundamental and technical analyses make a higher probability for NSE:TATACOMM to reach 1800 .
