Tata Comm has been facing resistance at 200 dema since last 6-8 months
( see arrows ) and prices have not been able to move past beyond this
moving average. We feel that stock has given a breakout from the
triangle pattern and once it starts trading/closing above 200 dema
currently at 210 level then stock has a potential to move UP 10-15 percent.
Stoploss would be 198 and targets on upside would be 230-250
Regards
Ankit
Analyse India
( see arrows ) and prices have not been able to move past beyond this
moving average. We feel that stock has given a breakout from the
triangle pattern and once it starts trading/closing above 200 dema
currently at 210 level then stock has a potential to move UP 10-15 percent.
Stoploss would be 198 and targets on upside would be 230-250
Regards
Ankit
Analyse India
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