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Apr 22, 2019 3:44 PM

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

TATA CONSULTANCY SNSE

Description

  • 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.
Comments
duttaabhranil
@devanshuMaheshwari102 see this
Trade-Technique
UnknownUnicorn4466383
chances are more ..to short...at high
HemangiWorlikar
@kavi_bharath, should i short at 2195? Or more higher?
UnknownUnicorn4466383
@HemangiWorlikar, short above 2210 because ..major supply at this 2210 levels...
HemangiWorlikar
@kavi_bharath, first thanks for quick reply. atr Rs. 44, so is it not possible tomorrow,, 2210 above as per nomral trade range of average point, isn't it?
UnknownUnicorn4466383
@HemangiWorlikar, no mention...exactly....
HemangiWorlikar
@kavi_bharath, every idea has to have sound logic, and your work has solid rational bias. . .its good.
UnknownUnicorn2616931
@HemangiWorlikar, haha lol , its going upside , you syupid peoples , check my performance first , you have to
Trade-Technique
@JayeshThakkar, i ll find it exact entry point for short
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