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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