TCS Entering in 5th Wave Move
Updated
As per the Analysis, TCS has completed the Complex correction of the 4th Wave & May enter into the 5th Wave.
SO one can take a position at 3286 medians of the previous big red candle & low of wave E as STop loss. Cash position for target 4000.
Technical Indicator
Dow Theory- HH & LH Pattern- Bullish
Bollinger Bands- UP Tick
RSI- Above 40 - Support to Bullish
MACD- Bearish Now but above 3286 it will Bullish & Show Uptick sign.
CHart Pattern- Flag & Pole in Lower time Frame- Good for Bullish momentum
SO one can take a position at 3286 medians of the previous big red candle & low of wave E as STop loss. Cash position for target 4000.
Technical Indicator
Dow Theory- HH & LH Pattern- Bullish
Bollinger Bands- UP Tick
RSI- Above 40 - Support to Bullish
MACD- Bearish Now but above 3286 it will Bullish & Show Uptick sign.
CHart Pattern- Flag & Pole in Lower time Frame- Good for Bullish momentum
Note
Even Observe Price making HH & Oscillator RSI making Lower Low- Sign of Reverse Bullish Divergence- Good Fof BullEVen Reverse Bullish Divergence Observe in MACD
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