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Dino_Naidu
Feb 19, 2021 6:15 PM

Elliot wave Analysis # Bearish Sequence Repost  Short

TATA CONSULTANCY SNSE

Description

TATA CONSULTANCY S
1hr log scale
Bearish View (5-3-5 Zigzag Structure)
Comments
Kakerot
gali dene ki jarurat nahi, but really it is foolish to short the best company the king of its sector to short after it has already given a good decent 10% correction from its high, iv seen this same formation back near 2600-2800 range , in reality this level near 3100 is a BUY for the target of 3500 MN by next 3 months maybe 3600 as well, TECH IT is the new long term safe bet
Dino_Naidu
@Kakerot, TCS 2973
Kakerot
@Dino_Naidu, no issue it is very easy to short nearly any stock when whole market is falling nifty is down 2% , jab bhi and i means jab bhi bounce aaega tcs pehle uchlega, i gave for cash recommendation
Dino_Naidu
@Kakerot, i had recommended to short at 3200 level, in my previous post that's not the concern, i too know that broader indices are falling, and i had posted the view of nifty 50 long back only. No issues thanks for your comments really appreciate
arun2404
respect the analyst. he has his personal observation and his own point of view. well i shorted at 3200 levels and made 108 points in 893 quantity.
arun2404
i had 893 stocks in delivery
i sold at 3198 and bought back again at 108 point difference.
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