TCS showing signs of a breakout from its levels. Has been in an uptrend and now slowly consolidating with smaller volumes. The price has crossed the resistance to reach ATH and retested the level successfully. The confirmation is obtained with a green candle in previous trading session. RSI is above 60 and also sma(9) of RSI > 60, which indicates strong bullish trend.
Annual results are also expected in few days and could be a positive note for rally to continue. Can go long with RR of 1:2.
* Views are personal, not investment advice or tips. For educational purposes only.
Annual results are also expected in few days and could be a positive note for rally to continue. Can go long with RR of 1:2.
* Views are personal, not investment advice or tips. For educational purposes only.
Trade closed: target reached:
Made ATH- 3300, closed at 3224