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
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.
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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...