TATACOMM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Tata Communications Ltd. (TATACOMM)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading above both its 50 DMA (₹1,643) and 200 DMA (₹1,669). This crossover signals short-term bullish momentum, though the stock remains ~22% below its 52-week high of ₹2,175.

Long-Term Trend: Recovering from a steep correction. The price action suggests a potential reversal, but confirmation is needed above key resistance levels.

📈 Moving Averages

50 DMA: ₹1,643

200 DMA: ₹1,669

Current Price: ₹1,684

Interpretation: Price is slightly above both DMAs, confirming a bullish crossover. Sustaining above ₹1,700 would strengthen the trend.

📉 MACD & RSI

MACD: Positive at 6.57, indicating bullish momentum.

RSI: At 59.5 — approaching bullish territory, but not yet overbought.

Conclusion: Momentum indicators support a buy-on-breakout strategy. RSI above 60 and MACD widening would confirm strength.

📊 Volume Trends

Current Volume: 4.19 lakh

1-Week Avg Volume: 3.66 lakh

Interpretation: Volume is slightly above average, suggesting moderate conviction. A breakout above ₹1,700–₹1,720 would need stronger volume confirmation.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,643 50 DMA, short-term support

Support 2 1,600 Psychological support

Resistance 1 1,720 Near-term resistance zone

Resistance 2 1,850–1,950 Intermediate swing highs

Resistance 3 2,175 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,640–₹1,660 (on pullback with confirmation)

Exit Zone: ₹1,850–₹1,950 (partial profit booking), ₹2,175+ (final target if breakout sustains)

🔍 Summary

Trend: Reversing upward

Momentum: Moderately bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹1,640–₹1,660 with breakout confirmation above ₹1,720. Target ₹1,850–₹2,175 over the next few weeks.

Let me know if you'd like a swing trade setup or visual chart overlay based on this!

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