TCS 1H AND 4H TREND ANALYSIS
Updated
TCS HAVE UPSIDE POTENTIAL IN UPCOMING DAYS. KEEP TCS AT WATCHLIST. GIVE ATTENTION TO DEMAND AND SUPPLY ZONES.
ANALYSIS BASED ON-
1. BREAKOUT ABOVE SYMMETRICAL TRIANGLE.
2. BREAKOUT ABOVE FALLING WEDGE.
3. HANGING MAN FORMATION.
4. PRICE RETRACEMENT AT 61.80% FIBONACCI.
5. OI +5.43%
LONG TRADE WOULD BE INVALID IF PRICE BREAKS BELOW 2000 OR 23.6% FIBONACCI LEVEL. IN THAT CASE CURRENT BREAKOUT WOULD BE CONSIDERED FALSE BREAKOUT.
ANY QUESTIONS,CORRECTIONS AND TIPS ARE WELCOMED IN COMMENTS.
ANALYSIS BASED ON-
1. BREAKOUT ABOVE SYMMETRICAL TRIANGLE.
2. BREAKOUT ABOVE FALLING WEDGE.
3. HANGING MAN FORMATION.
4. PRICE RETRACEMENT AT 61.80% FIBONACCI.
5. OI +5.43%
LONG TRADE WOULD BE INVALID IF PRICE BREAKS BELOW 2000 OR 23.6% FIBONACCI LEVEL. IN THAT CASE CURRENT BREAKOUT WOULD BE CONSIDERED FALSE BREAKOUT.
ANY QUESTIONS,CORRECTIONS AND TIPS ARE WELCOMED IN COMMENTS.
Note
CORRECTION- HAMMER FORMATION NOT HANGING MAN. SUCH A SILLY MASTAKE I DID.
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