Tata Teleservices : Potential long:
Potential long for a min 25%-30% move after candle closes and sustain above 110 levels.
Momentum rising slowly
High Volumes are observed
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TTML trade ideas
TTMLTTML :- wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Thanks,
Ajay.
keep learning and keep earning.
TTML - SWING TRADE - 19th December #stocksTTML (1D TF)
Swing Trade Analysis given on 19th December, 2023 (Tuesday)
Pattern: FALLING WEDGE BREAKOUT
- Falling Wedge Breakout + Consolidation - Done ✓
- Neckline Breakout - Done ✓
- Volume Spike- Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ttml
TTML | Investment Pick📊 Details
Tata Teleservices Ltd is engaged in the business of Wired and wireless telecommunication activities and holds a Unified License with Access Service Authorisation in Maharashtra and Goa and also as in Internet Service Provider Category The co. is focused on providing various wireline voice, data, and managed telecom services.
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TTML - Bullish Consolidation Breakout with VolumesNSE: TTML is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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TTML TREND NOWTREND -POSITIVE - Broken above downward TL
PRESENT ZONE- above weekly demand zone.
FORECAST -As per ZONE
will target 95.45. or come back at 92.
above lots of SUPPLY ZONE's from 95 to 97.
MY TAKE-
Only gap up required to cross the above supply zones.other wise grinding expected.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
TTMLTTML share price cmp is 90, the target is the open target and the stop loss would be 82 to 75 area.
Target easily 30 to 50+ percent
reason; after so many days it's on only a downtrend now time to m take an uptrend.
no need to think critically, just simple analysis.
** TREND CHANGES TO BULLISH.
thank you.
BUY TTML--taken support at 72
-- strong bull run
--Target 98
Disclaimer:
- The view expressed here is my personal view
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-- Do your own analysis and consult your financial adviser if need be