T A T A C O M MTATACOMM 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 - Pennat Breakout!!!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 &
BarishHighly 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
#Tata Communication will hold BO or not!Stock has given BO after multiple rejection from resistance zone with good volume spike, follow chart for proper entry and exit levels.
Tata Communication: Long Setup
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 c
Tata CommTata Comm
Long only if stays above 1136
SL 1110
Breakout of wedge may bring in further strength.
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Frequently Asked Questions
The current price of TATACOMM FUTURES is 1,756.45 INR — it has risen 0.52% in the past 24 hours. Watch TATACOMM FUTURES price in more detail on the chart.
The volume of TATACOMM FUTURES is 605.25 K. Track more important stats on the TATACOMM FUTURES chart.
The nearest expiration date for TATACOMM FUTURES is Nov 28, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell TATACOMM FUTURES before Nov 28, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For TATACOMM FUTURES this number is 5.53 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for TATACOMM FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for TATACOMM FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of TATACOMM FUTURES technicals for a more comprehensive analysis.