Trade-Technique

Stop taking long position on TCS...! reason behind it?

Short
NSE:TCS   TATA CONSULTANCY S
  • The left side to the right, each excess have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal the trend.
  • With TimeCycle analysis, 1st-phase has 43bars and 2nd-phase and 3rd phase till continue.
  • Turn on your eye on volume , it's reducing.

Prev . Resistance is at 2194.5, so seller and profit booking can be seen that time with a TAIL.
Short sellers have two points of target, one Control Price target 2117 nearby and prev . strong support at 2051.
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