TATA GLOBAL
Stock seems to have broken down from a rising wedge.
But last daily candle shows buyers are strong at the support level indicated in horizontal blue line.
This is a support which was earlier resistance also and has been tested multiple times.
Also 50 EMA is also currently at the same support line.
Mostly stock will bounce upwards, so upwards move can easily see 265 / 269.5 and 274
Downwards it may go till 256.5 / 252.5 or even 245
Stock seems to have broken down from a rising wedge.
But last daily candle shows buyers are strong at the support level indicated in horizontal blue line.
This is a support which was earlier resistance also and has been tested multiple times.
Also 50 EMA is also currently at the same support line.
Mostly stock will bounce upwards, so upwards move can easily see 265 / 269.5 and 274
Downwards it may go till 256.5 / 252.5 or even 245