Description
⋅ TCS has broken the trendline and retraced back beautifully and ready to have a bigger jump.
Long RISK/REWARD Ratio is 5.8
Targets - 2871, 2990
SL - 2710-2700
Comment
⋅ As long as 2700 is not broken, we can see 3000 in this month or 1st half of the month.
Trade active
⋅ bought TCS JAN21 FUT, with SL of 2715.
Expectation is that before the quarterly results i.e, Jan 8th, TCS has to reach 3000.
Comment
⋅ Holding the DEC FUT trade. Has good support at 2774. as long as it's not breaking, will continue with it.
Comment
⋅ Closed the trade as it hot 2774 support.
Comment
⋅ But I'm still expecting it to touch 3000 by Jan 8th.
Trade closed: target reached
⋅ touched 3000 (Y). Cheers