kphemanth

TCS - Swing Trade Entries and Gap Fill Trade Opportunity

NSE:TCS   TATA CONSULTANCY S
In Daily chart ,
The price is following the trend line .
The price is in a consolidation state in between the levels shown.
LTP is holding Monthly-Central Pivot Point

In 4hr chart,
For Buying, wait for the LTP to break the Fractal @2731 (Buy above 2736) - TP @2811
If the price breaks the bottom level, sell below 2604 - TP @2540 - Gap Fill Trade Opportunity

The opening price for December month decides the direction of the market when using the Pivot points for Sing trade.
Position Sizing according to the risk taken.
Choose SL carefully (0.5% of stock price preferrably)

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