TATA COMMUNICATIONS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support at current levels 100 DMA and Fibonacci Retracement, will favor bulls if fails to break its support. (Updated for 18th August 2014, Monday)

TATA COMMUNICATIONS

• TATA COMMUNICATIONS is currently facing strong 50% fibonacci retracement support at current levels, chart indicates as long as stock holding its support, it will favor bulls , but once stock fails to take this support @ 336.50 and closes below then can see further selling.
• As per graph no 2 stock is testing its 100 days moving average , as long as stock holds above it will favor bulls and stock to move higher, and below 100 DMA it will be favored by bears.
• Suggested Reading - UCO BANK holding strong at current levels , as long as holds above 92 bulls will dominate.
• If stock moves up from current levels then on upper side will find strong resistance around 358, 365 and 371 as per fibonacci retracement shown in graph no 3.
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