StockShaala
Short

TCS: Triangle breakout

NSE:TCS   TATA CONSULTANCY S
TCS has been consolidating in the form of a triangle for more than a year. This consolidation now appears to be broken on the downside.


I'l leave it to you to time the entry for a SHORT ride!

Comments

how do u set targets?
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StockShaala UnknownUnicorn2321966
@UnknownUnicorn2321966, Thanks for reaching out to StockShaala.
This is a classic triangle consolidation pattern. We usually determine price targets based on one of,

1. Depth of the triangle pattern
2. Nearest strong support zone

This is also indicated in the chart above. I hope this clarifies your question.

If you do like to hear from us on technical analysis patterns from time to time, please follow Stockshaala and like us :)

Thanks in advance!
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