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Wavozen

6860 Cup and handle formation

Long
TATA COMMUNICATION (NSE:TATACOMM)  
Wavozen Updated   
NSE:TATACOMM   TATA COMMUNICATION
Chart Patterns
0
0
chartpattern
Reason for long

a) Cup and handle formation, one need to wait for the breakout of handle chanle for long (1210 entry if candle closes in green with 5% SL)

b) Slighlly downward channel, need to wait for the maturity and breakup of channel for long

SL compulsory
Trade closed: target reached
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