in this stock price 4 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade
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.
A cup and handle pattern in TATA COMM, also an ascending triangle pattern, has given a breakout from that pattern.
SL Below 1220
Targets- 1-1590 2-1670
Small Ascending triangle visible.
Last 7 bars have formed a congestion zone.
This is the first pause after the stock recovered 48% from recent lows.
Sideways move is for 2 months.
Ascending triangle being a trend continuation pattern, chances of breakout are high.
Another confirmation is stock is holding 20 SMA ( 1198 )
SL around 1165-1175 zone 5% form CMP
...
r: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "were" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all.
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I use shorthands for my trades....
Neckline breakout in Tata Communication.
Following with close stop loss, will be interesting to see if it can make a meaningful upward thrust from here
📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
Key highlights: 💡⚡
📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1258.95
🟢...
Tata communications. Near to various pattern Breakout. Head & Shoulder breakout and poll & flag pattern going break soon. CMP:1235 sl:1050(wcb) Target:1400/1600..mid-term Target:2000
NSE:TATACOMM
On weekly timeframe the price has given breakout from the trendline. The MACD on weekly basis is also bullish. And RSI is also above 50 which shows good momentum. The prices has crossed the moving averages and is above all the moving averages which shows bullishness. The stock has outperformed NIFTY for 2Y timeframe. This view is for 6 to 12 months....
TATACOMM - can we continue V shape with historical support ?
• Main observation is Trendline Support which is most respected .
• Also Moving averages can become support .
• Next Resistances can become targets .
R1 = 1154
R2 = 1199
R3 = 1234
R4 = 1282
• Previous historical support at 1048 to 1036 can be a safe Stop Loss
• what...
NSE:TATACOMM completed the rounding bottom over last 5 months. Yesterday there was a breakout. Today, with the market, it's re-testing the neckline around 1245.
Per the price-prediction over next month, it seems there will be some consolidation throughout next week and there can be a breakout towards 1342 / 1438. SL to be : 1175.
TATA COMMUNICATIONS good for swing trade. because it broke trendline
TATA COMMUNICATIONS stock trendline is broken and buy on breaking the high of todays candle
buy 1150 and sp 1060 and 1st target is1207 2nd target is 1265
![TATACOMM: [ Positional ] TATACOMM Long Setup](https://s3.tradingview.com/a/AGLCEF9F_mid.png "[ Positional ] TATACOMM Long Setup")
