TATA COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:
The trading volume went back to its lower self today, while the price fell and closed at 247.
Market Outlook:
- The price is readying for a big move. I talked about this looking like an accumulation phase on Friday, and today the same has continued.
Technical Indicators:
- There is a short term support line which is giving support to the stock price at the moment.
- Friday witnessed huge quantity in trading without a change in price. That's suspicious behavior and the stock is surely readying for a big move.
- Most probably this is an accumulation phase, but it could even be getting ready for the next fall. The answer should show itself soon.
- Tata Communications is in the midst of the 2G storm, btw, and the current price behavior is indicating that the management knows something which you and I are yet to find out, and should be finding out soon.
TATA COMMUNICATIONS Daily NSE Stock Chart Technical Analysis
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