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TCS - Longs in ultra short term timeframe
TATA CONSULTANCY SERV LTD
Long
TCS - Longs in ultra short term timeframe
By raghavendrakumart
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Apr 5, 2017
2
Apr 5, 2017
I generally avoid looking at a chart < 4hr. TCS however is compelling from a "trading" perspective at current market price.
Clean 5 wave decline + falling wedge + Positive divergence in RSI and MACD indicators + trendline support.
No brainer to go long with SL = Hourly close below 2390.
TCS was covered as a BUY in longer timeframe. Please refer to Links / related ideas
raghavendrakumart
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TCS Long term monthly chart - Investment BUY
by raghavendrakumart
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