TATA COMMUNICATION

NSE

TATACOMM

formed double top in hourly chart...short

#TATACOMM CASH 06 MAY 2019 STRONG SUPPORT 544-545 CMP 566.50

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SELL BELLOW @ 579.40 t1- 570 t2- 567 ST- 581.50

Downward breakout.

Sell

Steep and furious price move. Now consolidation forms a High and Tight Flag pattern. Breakout will take price at and around 640.

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.

TATACOMM FLAG PATTERN

Ready for EMA crossover, Facing resistance at 622 MACD crossover and RSI sliding below 70

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.

It is encountering very high resistance line when drawn from historical data. High RSI, and high slow stochastics supports shorting. This is my individual opinion . Not an investment suggestion Downside Target 550

TATA Communication Daily analysis CMP 599.45 Shorting level 600-625 Targets - 588-570-548-530-504+ SL - 650+

After making double top near 623 odd levels on hourly charts stock is falling. It has noticed a bearish crossover on hourly charts too. On daily charts it notices a bearish engulphing pattern. Stock looks good to short positionally for a target of 590/567/550 in short term. Maintain positional stoploss of 625 on closing basis.

TATACOMM LOOKING BULLISH ON CHART, REVERSE FROM LOWER LEVEL, BUYING CAN BE POSSIBLE ABOVE INITIAL RESISTANCE LEVEL. Levels are mentioned on chart. Open to discuss here. we believe that discussion will bring more informative information for the same. For more ideas. please keep in touch and follow us Thanks!!

Long above 623.95, SL PDL PDL = 608.05 If gap up or down, follow 5m ORB.

Disclaimer: All posts/views are for educational purpose only..!! Kindly contact financial advisor before taking position/decision. Follow my channel for intraday view.

Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...