Rising Wedge pattern in weekly chart of TCS
Probable scenario:-The rising wedge pattern is a probable sign of a strong bearish movement. In the case of TCS, if the price doesn't hold the support line it might go bearish. If the price doesn't find immediate support while retracing it might go for a strong bearish move.
Alternate Scenario:- If the price breakouts the resistance level and holds that position for some period then the strong bullish trend might continue which is less probable to happen.
Probable scenario: Alternate Scenario = 70 : 30
Alternate Scenario:- If the price breakouts the resistance level and holds that position for some period then the strong bullish trend might continue which is less probable to happen.
Probable scenario: Alternate Scenario = 70 : 30
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