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UnknownUnicorn3420404
Mar 17, 2019 2:05 PM

TCS 1H AND 4H TREND ANALYSIS Long

TATA CONSULTANCY SNSE

Description

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.

Comment

CORRECTION- HAMMER FORMATION NOT HANGING MAN. SUCH A SILLY MASTAKE I DID.
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