NSE:TATACOMM is exhibiting Bearish AB=CD pattern with 600 CE having the highest OI. A bearish Candlestick pattern with its high touching 610.5 will confirm the pattern. Join our telegram channel t.me
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.
TATACOMM NSE:
It made 2 Days continuous Inside bar perfectly.
If it opens between 606.50 and 617, then trade on the breakout of these levels.
If going long keep SL 606.50. If going short keep short 617.
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.
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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
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...
RSI is in overbought zone and trying to cross 70
This is also supported by MACD crossover
It has resistance at 620, sell if it crosses below 600 for target of
TGT 1 - 580
TGT 2 - 550
SL - 635
cmp : 593
Strict SL : 610
Target around : 550
Trade duration : 11 TS
whatever move above 593 - 605 is good opportunity to short, as its false move , will not be able to sustain.
TATA COMM looks Good For LT Investment for Holding Couple of Years Minimum.
Likely to Break ATH in coming months.
Can Accumulate on 50 to 61.8 % retracements .
Disclaimer: I am not a qualified Technical Analyst. Please do your own analysis before taking any Investment decisions.
NSE:TATACOMM
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 in first 5 minutes and follow ORB strategy.
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NSE:TATACOMM
![TATACOMM: [Intraday] TATACOMM Long Trade](https://s3.tradingview.com/s/SzkBS3Wz_mid.png "[Intraday] TATACOMM Long Trade")
