Another stock which seems to be 'bottoming out' in a bullish market is Tata Comm. The scrip tested its long term support area of Rs 335/- recently and has rebounded with good volumes in last couple of days.
Expect a further upmove towards Rs 410 and then Rs 440 in coming days. Keep stoploss at the crucial support of Rs 335/- in any case.
Advanced indicators too are showing signals of revival.
Happy Trading
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
1 comment:
Sir,
Tata Communication, as you said seems to have given a breakout. But can you pl. elaborate on Advanced indicators.
Fundamentally we do not see any changes in upcoming days, since all telecom and IT stocks are in consolidation phase.
Raju
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