Tata Communication

Its the season of breakouts and while this is not a breakout on the extreme long term, on the medium term, Tata Communication is showing a great breakout (technically we are a bit late to the party) but now much.

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While we have moved around 25 bucks from the breakout level, since the amount of time spent below the resistance level is huge, we may see a continuation. We can find one resistance at 350, but later on there are no significant resistance levels as the historical chart is pretty choppy during the period of 2005 to 2009 when it traded more or less in the range of 350 – 600

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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