TCS, BUY opportunity @ 2920
Reasons to LOOK for Buy:
1) Clearly in an uptrend.
2) In the pullback phase to hit the previous support zone.
3) Support zone contains 50% retracement line.
4) Price may also hit 20MA in the zone (thus considering 20MA as support)
Look for buying opportunity in lower timeframe
SL @2882 as per Risk.
Position sizing as per Risk.
TP @2980
1) Clearly in an uptrend.
2) In the pullback phase to hit the previous support zone.
3) Support zone contains 50% retracement line.
4) Price may also hit 20MA in the zone (thus considering 20MA as support)
Look for buying opportunity in lower timeframe
SL @2882 as per Risk.
Position sizing as per Risk.
TP @2980
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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.