TCS - Breakout Complete
TCS completed its breakout today and is approaching all time high territory again. Might pull back to 3750 before resuming the rally.
Also, strong results expected might cause it to break ATH.
Rising delivery volumes gives me high conviction in this counter.
Entry near 3760 range
T1 = 3915 (it fell from here after Q2 results and created a huge gap till 3750)
T2 = 3970 (might show resistance at all time high zone)
Stop Loss = 3715 (below the VWAP of 3725 seen on 30 Dec as we saw above average delivery quantity that day)
For educational purposes only. Trade at your own risk.
Disclosure - I do not have any current positions in TCS.
Also, strong results expected might cause it to break ATH.
Rising delivery volumes gives me high conviction in this counter.
Entry near 3760 range
T1 = 3915 (it fell from here after Q2 results and created a huge gap till 3750)
T2 = 3970 (might show resistance at all time high zone)
Stop Loss = 3715 (below the VWAP of 3725 seen on 30 Dec as we saw above average delivery quantity that day)
For educational purposes only. Trade at your own risk.
Disclosure - I do not have any current positions in TCS.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.