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Long

TCS - Triangle Breakout In Rising Channel

NSE:TCS   TATA CONSULTANCY S
TCS breaking out of a triangle and the price is moving in a rising channel .

Go long as per your risk appetite and capital management.

Buying breakouts offers a poor risk-reward ratio. So it's better to look for a suitable risk-reward before trading.
Trade active
Comment: Trade updates
Comment: TCS, Trailing Stop-loss to Cost at 1850.

Remember, No trade management is applied here. The price went from 1850 to 2032.

The covered call is the best tool for a buy trade.
Comment: TCS Trade Update.
CMP 1950
Entry was at 1850, A triangle breakout.

TCS respecting support levels.
From 1850 it went to 2032 and fall back to its previous tops which acted as support levels and now TCS bouncing back from that support zone.

Target is 2140.

Will apply more trade management tools, once TCS breaks the upper Flag line.

Comments

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