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Tuesday, November 04, 2014

TATA COMMUNICATIONS BASED ON DATA TILL 3-11-2014

SHORT TERM TO MEDIUM TERM
TATA COMMUNICATIONS CMP 411.70

The stock is in consolidation mode months and is now broken out of that pattern. The stock is in accumulation and is outperforming the nifty.
Most of the indicators are in buy mode

CONCLUSION:I PREFER TO BUY AT THIS LEVEL AFTER HAVING AN INITIAL STOP LOSS AT RS.332 AND BOOK PROFIT WHEN THE TARGET OF 680 IS REACHED.
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