NeeteshJain

TCS Downward WAVE 5 in progress (Swing Trade Setup)

Short
BSE:TCS   TATA CONSULTANCY SERVICES LTD
It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers are in control and it may further dip down. Regards

Target1: 2205 (RR- 1:1)
Target 2: 2100 (RR- 1:3)
Target 3: 2000 (RR- 1:5)
Stoploss: 2350
Trade active: Showing Weakness
Trade active
Trade active
Trade active
Trade closed: target reached: Target 1 reached successfully, Regards
Trade active
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