Was moving within a channel till MAY but has broken that support level, now a crucial support level of 505 is broken. Now 440 can be seen on the charts. That also pretty soon.
Long if it breaks the high of the previous week with a stop loss at the previous week's low.
Short if it breaks the low of the previous week with a stop loss at the previous week's high.
Sell Tatacomm on rise with SL of 625 and target of 565. A confirmation on RSI has been obtained. A convergence on MACD is on the cards. One can book profits on long positions.
Tata Communications Ltd. engages in the provision of telecommunications services. It operates through the following segments: Voice Solutions (VS), Data and Managed Services (DMS), and Real Estate (RE). The VS segment includes international and national long-distance voice services. The DMS segment comprises data transmission services, virtual private network signaling and roaming services, television, and other network and managed services. The RE segment consists of lease rentals for premises given on lease and does not include premises held for capital appreciation. The company was founded on March 19, 1986 and is headquartered in Mumbai, India.
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TATACOMM
