Tata Communications Ltd - Bearish Setup Playing Out!
📉 Tata Communications Ltd - Bearish Setup Playing Out! 📉
As predicted earlier, the stock is continuing its downward journey, closing 0.99% lower today 📊.
🔍 Key Observations:
1️⃣ Technical Weakness: The price struggled to hold gains and got rejected at the recent resistance zone (highlighted in purple).
2️⃣ Bearish Momentum: Consistent lower highs and failure to cross the moving average signal weakness in buying interest.
3️⃣ Breaking Down Again 🔻: Today's red candle adds to the bearish sentiment, and we may see further downside if support levels fail to hold.
🔔 Follow for more technical insights and updates!
As predicted earlier, the stock is continuing its downward journey, closing 0.99% lower today 📊.
🔍 Key Observations:
1️⃣ Technical Weakness: The price struggled to hold gains and got rejected at the recent resistance zone (highlighted in purple).
2️⃣ Bearish Momentum: Consistent lower highs and failure to cross the moving average signal weakness in buying interest.
3️⃣ Breaking Down Again 🔻: Today's red candle adds to the bearish sentiment, and we may see further downside if support levels fail to hold.
🔔 Follow for more technical insights and updates!
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