TCS - About to Break out of a consolidation

Jun 25

Hello All,

Here is the 1H time frame of TCS which is making a triangle pattern with converging prices at the bottom its recent downtrend.

We can expect T1 once Breakout Price is reached and we get at least a 1H candle closing above the marked breakout price

Once the supply zone near T1 is cleared we can expect prices to hit T2 as well

Above T2, Sky is the Limit for TCS

Jul 11

Trade closed: stop reached

Unfortunately on the back of a bad set of results TCS has triggered our stop. Risky players can wait for closing and see if it closes above our Stop loss the trade can still deliver its targets.

But to be fair we will consider the stop as Hit.