This stock looks good for a swing trade.
Reasons are stated below :
1566 levels acted as a resistance but the price broke that level and now its retesting the same.
Formed a morning star pattern on daily time frame.
0.5 level Fibonacci support.
50EMA support on daily time frame.
target - 1950
stoploss - 1508
Trend - up in all higher time frames.
Weekly RSI - Took support at 62 and moving up.
Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024
Retest of the breakout has happened.
Now weekly and daily price actions shows the upward momentum.
Entry - One may wait for daily previous supply levels - 2015 to be hit and...
if it crosses 1769.30
Entry price: 1769.35 ( reward of 13.50% with risk involved 6.80%)
stop loss: 1749.05 ( risk involved is 6.80%)
buy this stock only one can handle risk of 6.80%
this is my stock idea and i am entering in it with 6.80% risk, if one cannot handle 6.80% risk please do not enter into it.
I am not SEBI registered individual , please do your own...
Technical strong
Hold for 4-5 days
Reverted from lower Bollinger band and crossed above base line, just got momentum ...
Surely will touch upper Bollinger band and will prove its bullishnesss
With good volumes, Tata Communication has crossed its falling trendline.
Now will try to cross horizontal resistance at 1842, which can lead the rally to ATH.
Looks amazing to me - Nice basing formation right at support.
I expect this to move to new ATH and beyond. Expecting minimum 10% returns on this.
SL will be a daily candle close below ₹1652/-
Also, if you apply Stochastic RSI, there is a clear bullish divergence forming on Daily.
Tata Communications has posted fast revenue growth in the latest earnings release. OFSS moved up 28% in a single day after stellar results.
Tata Communications has consolidated in this range for a while and looks good to move up from here if it crosses today's high price. DMI also looks bullish
Entry - Above 1800
Stop Loss - 1680
Target - 1960
TATA COMMUNICATION LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1810+.
✅Can Go Long in this stock by placing a stop loss below 1754-.
A tata group company consolidating near to its averages. Rise in dependance on technology AI has made this company another reason to invest. Currently it is under valued in comparison to its peers. Likely to trace lows of 1575-1611. To resume upward trajectory for above 2000 levels in less than an year. Latest acquisition supports the business in a synergic...
1. bottom support.
2. 15 min Time Frame Stock might Reversal.
2.1. Today its 3 bottoms and bounced
3. The holding period is only for 10 days.
Buy: CMP (1809)
Target: 1880 (4%)
Stop: 1784
TATA COMMUNICATION LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📊 It can give movement upto the Reversal target of Above 2018+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2325+.
📊 Can Go Long in this stock by placing...
