SWING IDEA - TATA COMM

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

Commento:

price is up by 6% from our buying price.
HOLD, price might retrace a bit.

Commento:

Price made a high of 10% from our buying price.
It is consolidating right now so we can hold till our targets.

Commento:

Price corrected and made a higher low and currently is 9% up from our buying price. We can hold this.

Trade chiuso: obiettivo raggiunto:

first target achieved 22%, price made a high of 25%+ from our buying price.

Commento:

we can hold, price is sustaining above 1950.

Commento:

Weekly candle is a bullish marubozu and it closed above the previous swing.
we can HOLD!

Commento:

if you're still holding then move your stops to entry price