sankarghatak
Long

TCS: Good Opportunity for SWING Trade.

NSE:TCS   TATA CONSULTANCY S
Some Steam left in TCS .
In ICHIMOKU:
Price Crossed KUMO Cloud from Below, having support from Volume front.
Volume: Crossed more than Avg . Volume .
WAVE analysis: Impulsive WAVE - 3 in Progress
Probable END of WAVE - 3 @ 2675 or may extended to @ 2865
(though not plotted in chart)

Some Harmonics:
Bearish BAT in Progress (As of now)
B = 0.382-0.50 of XA, Here 0.497 CF
C = 0.382-0.886 of AB, Here 0.729 CF
D = 1.618-2.618 of BC ,Here 1.466 Missed
D = 0.886 of XA, Here 0.666 Missed

Condition #1: For Ideal Bearish BAT (Orrange Colour)
If "D" = 2664.95 Then
D = 2.075 (Criteria 1.618-2.618 of BC) CF
D = 0.886 of XA (Orange Colour) CF

Condition #2: Bearish ALT BAT
If "D" = 2759.1 Then
D = 2.748 (Criteria 2.0 - 3.618 of BC ) CF
D = 1.13 of XA (in Blue Outline) CF
"CF" => Criteria Fulfilled.

Go LONG: @ LTP + (-0.5% to +0.5%)
Intraday / Swing TARGET: @ 2590, @ 2597 (Strong), @ 2604, @ 2609 - @ 2617 (HZ)

More Short term TARGET on Chart.

Formation of CUP also in Progress.



More Updates with in Market hours.

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor
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