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.
TATACOMMN2024 trade ideas
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 & Earning !!!
Cheers!!!
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 can be 1430.
Alternatively 1400 Jan-25 CE at 30 with 20 as SL.
Tata CommTata Comm
Long only if stays above 1136
SL 1110
Breakout of wedge may bring in further strength.
