We at www.tradingkamai.com are constantly
scanning and looking for trading opportunities. This week Tata communication
has come up on our scan. Below are the points in which we are predicting it to
move at least 5%.
The first point which builds our confidence is the support at the trendline. If you see the below figure the stock is taking support on this 6 months trendline. We at www.tradingkamai.com do not take positions based on fundamental analysis, but still it’s a extra added point. Recently Tata communication has announced decent results so this also adds value to this technical analysis.
One of the important factors in technical analysis is that
has the stock been overbought and does it have strength. If you look at the RSI
of Tata Communication it is far away from the overbought territory and also it is
trending up.
Adding
to the above points we love to see the green ADX cross the red ADX.
If you are interested
do buy our course learn trading step by step. You can see a sample video of the
same from here.
See syllabus for Technical analysis training in Mumbai,India.
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disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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