may be expected and the stock price may move towards 20 moving average, which is currently at 1705
Tata Communications closed at ₹1762.40 on 5th July 2025, falling by ₹15.60 or 0.88%. The stock had recently given a strong breakout above key resistance with very high volume, which shows that buyers were active.
on 3rd July The candlestick was formed outside the upper band of the Bollinger band, which means it was in an overbought zone.
Now it is pulling back slightly. Despite the fall, the stock is still in a strong uptrend, as it is trading above all major moving averages like 5-day, 20-day, and 50-day EMAs. The RSI is around 62, which is healthy and not overbought yet.
Immediate support is near ₹1752, and strong support is around ₹1705.
If the stock takes support around ₹1710–₹1720 and stays above it, it can rise again.
For now, it’s better to wait for a small dip.