TATACOMM fut broke out of triangle pattern on an hourly chart with decent OI & its trading comfortably above breakout level. Risk:Reward - 1:4 Not to be missed. Could be bought with mentioned stoploss & target.
Tata Communications has broken pennant / symmetrical break-out and is heading towards 2700+ targets. Other factors: 1. Volumes are steady 2. RSI on weekly basis is on the verge of 60+, good bullish sign on higher time frame 3. MACD is also getting positive "Clean Charts, Easy Charts" Learning & Earning !!! Cheers!!!
Highly over bot on hourly & daily charts, only for intraday short, stoploss 1680/1720 I can short on higher levels, only for intraday player's Don't jump @ opening trade
Stock has given BO after multiple rejection from resistance zone with good volume spike, follow chart for proper entry and exit levels.
Showing two charts side-by-side - both 1H. Left side: A clear Darvas Box breakout with good volume (more than average) and RSI is upticking above 60. Right side: Alligator is wake up. The price line cut through the alligator. Lips - Teeth and Jaws are perfectly placed for an upmove. SL: 1380. T can be 1430. Alternatively 1400 Jan-25 CE at 30 with 20 as SL.
Tata Comm Long only if stays above 1136 SL 1110 Breakout of wedge may bring in further strength.