377 was the key level, which ended the 4th wave in the wedge pattern- yet again gave support to Intraday bounce to 392- Now till the time 377 is intact downside- TS might do medium term upside to sideways move.
Previous Analysis- Started at 380-returned to 380- Click the chart & load the bar
Trade active
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12:34 Hrs 30th Dec2016
Last Price@390.50
When ever TS crosses 396 then one can look to buy for target zone 402-405 zone Intraday so don't forget to put a trendline alarm on this stock.
Comments
AMBRISH
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can you explain TSL " 377 was the key level, which ended the 4th wave in the wedge pattern- yet again gave support to Intraday bounce to 392- Now till the time 377 is intact downside- TS 1.50% might do medium term upside to sideways move."
WaveTalks
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@AMBRISH, from 377 lows -TSL moved its final leg upside to 441.50 which was 5th wave--- so 377 was key level or support after so many days when TSL started falling & came back to 377 it acted as support & bulls came back for short term up move to 392 levels. Going next till 377 is intact downside, it will move upside to sideways in coming days.