Amatuer_Sanjay

Keep Watch - Wait till Orange trend line is tested and then buy

Long
NSE:TCS   TATA CONSULTANCY S
Look at the image. How beautifully the fibonacii retracement is respected.
Also the Orange trendline was acting as resistence line and teste3d 3 times before it was crossed.
As per Technical Analysis , this Orange line must become Support line now. So once the Orange line is tested for support and price movement change direction , Buy the stock.

Remember, If the Orange line is crossed and price drops below then it will gow down a lot. But if it acts as Support then price movement will go up sop much depending on the Fib levels.

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