TATACOMM trade ideas
Inverse H&S in Tata Communications Hi,
Tata communications has been consolidating above 850 levels for almost 3 years now. The script has shown good accumulation in range of 850-1500. On charts you can see Inverse Head & Shoulders formation which is a bullish pattern. First target will be the length of height of the head till neck line. Add this length height post breakout near 1375 levels, which comes around 2000 which is 40% upside. Till this script is above 1100 levels this can possibly reach 2000 first.
The targets can be revised once 2000 levels are achieved based on the momentum.
Expecting the momentum to gain in this script in coming days .
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TATACOMM: A Consolidation Breakout with Strong VolumeHey traders! Today, we're looking at #TATACOMM, a stock that has recently broken out of a consolidation pattern with strong volume and support levels.
As you can see from the chart, #TATACOMM has formed a consolidation pattern and has recently broken out of this pattern with a strong daily close above the breakout level. This indicates that there is significant interest in the stock and that it may be poised for a bullish move.
Additionally, there appears to be strong volume buildup and a subsequent volume breakout, further confirming the potential for a bullish move. It's always encouraging to see strong volume when a breakout occurs, as it can indicate that there is significant buying pressure behind the move.
Furthermore, there is strong support at 1220, which can act as a key level for traders to manage their risk. If the price drops below this level, it may indicate a false breakout and could lead to further downside.
Based on the breakout and the support levels, there are potential targets for the stock at 1345, 1366, and 1400+. However, it's important to keep in mind that these targets are based on technical analysis and market conditions can change quickly, so it's important to monitor the stock closely and adjust your strategy accordingly.
In summary, #TATACOMM has recently broken out of a consolidation pattern with strong volume and support levels, indicating that it may be poised for a bullish move.
Happy trading!
TATA COMMUNICATIONS LTD - Long Term + Cup & Handle Breakout Soon📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
Key highlights: 💡⚡
📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1258.95
🟢 Target 🎯🏆 - 1400
⚠️ Stoploss ☠️🚫 - TRAILING
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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TATACOMM - Spinning Top with Volume SpikeNSE: TATACOMM is closing with a spinning top candle supported with high 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 consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Tata chemicals has seen a breakout Tata chemicals has seen a breakout of reverse head and shoulder pattern at the price of 1250 and successfully retested it on daily charts, now a new swing is created and its first target area at 1450 with the stoploss of 1180. Trail the stoploss after 1400 towards second Target of 16000.
Stock is above of all the important exponential moving averages.
[POSITIONAL] TATACOMM LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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#TATACOMM #RCOM #MTNL #JIOINFOCOMM #BHARTIARTL #TTML #IDEA #BSNLNSE: TATACOMM
CMP 1125
Target 1222 // 1313 ~16%
Stop Loss 1049 trail
RR ~ 2.5
TF < 3M
NSE:TATACOMM
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Buy every dip in tatacomm and hold for minimum for 5 years buy tatacomm in every dip dont miss to buy
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