telecommunication stocks-TATACOMM corrective targets 434-406

TATACOMM Stock future chart Tata Communications Limited stock is trading at 444 with almost 3% drop in intraday. Stock is top loser in F&O segment.   TATACOMM Stock is in corrective mode and after achieving 434 and 456 target now facing supply or profit booking from market. On upside 456 is top and remain as strong resistance as well as stop loss for short sellers.   On downside 434 will be first target and if slips below it then expect 406 as next target zone.   On long term chart, stock has started its rally at 328 level and from that level almost gained 30% plus. Next major move will happen after touching 400 level. On upside 515 and 597 are my long term targets for this stock.

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Pramod Baviskar

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