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TATA COMMUNICATIONS - A swing trade opportunity of 25%

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TATA COMMUNICATION (NSE:TATACOMM)  
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NSE:TATACOMM   TATA COMMUNICATION
Pennant Trend Lines Supply and Demand tatacommunication swingtrading positional trendpattern Bullish Pennant stockstobuy priceaction candlestickpattern
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pennant trendline supplyanddemand tatacommunication swingtrading positional trendpattern bullishpennant stockstobuy priceaction candlestickpattern
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 take an entry as per reversal in lower time frame. Purely based on risk management - SL %

1827 - would act as a strong support. 7.5% from current levels.
Komen:
SL hit.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.