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SatyendraChoudhery
May 1, 2020 7:20 PM

Low Risk (0.5%)...High Reward (upto 7%)....TCS...Intraday Setup 

NSE:TCS60
TATA CONSULTANCY SNSE

Description

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Intraday Trade Setup (04-May-2020):

Case-1: If it break 1980 level, go for SHORT
Enter: 1980
SL: 1990 (0.5%)
Target-1: 1940 (2%), Target-2: 1910 (3.5%), Target-3: 1850 (7%)

Case-2: If price sustained above 1990, go for LONG
Enter: 1990
SL: 1980 (0.5%)
Target-1: 2050 (psychological, 1.5%), Target-2: 2070 (4%)

Comment

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So it followed Case-1, as it not able to cross 1980 level.

Target - 1: ACHIEVED :)
Target - 2 : ACHIEVED :)
FibonacciSupport and ResistanceOscillatorsTCSNIFTYintradayintradaytradeniftyit
Comments
Brahups
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This is going to open gap down tomorrow
SatyendraChoudhery
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@Brahups, If you observe past trends, there has been many breakaway gap (including latest one), and it normally settled before filling the gap or take runaway gaps. I think immediate filling of breakaway with measuring or runaway seems less probable, but if it take that path then will break many supports. Also thanks for your interest & comment!
aravindfm
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It's opening gap down tmrw. I think it will open below 1970-1980 then what will be the idea
sangamesh5952
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@aravindfm, I think no Trade if gap down
SatyendraChoudhery
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@sangamesh5952, Ya cautious one!
SatyendraChoudhery
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@aravindfm, In that case Risk-to-reward ratio may swing in either direction...So better wait for S/R level as per Fib levels and take call...ensure to put S/L as per your R/R calculation.
Rajendra_5
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Nice analysis
SatyendraChoudhery
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@RSDA, Thanks :)
abmaajid
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I checked the daily charts.... 14 Day RSI is showing 62.41 and in the image it is written rsi is above 90 ?
How is that possible?
e23e1a0d360642f289f64278b973d6
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What is the target of hdfc on 4 th may?
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