Ascending triangle formation in TCS on 30mins chart.
When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50.
EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target.
Trade Idea:
Buy above - 2163
Target 1 - 2184
Target 2 - 2201
Stop Loss - 2137
Target 1 points gain - 21
Target 2 points gain - 38 (Total)
Stop Loss points loss - 26
Happy Trading...!
When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50.
EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target.
Trade Idea:
Buy above - 2163
Target 1 - 2184
Target 2 - 2201
Stop Loss - 2137
Target 1 points gain - 21
Target 2 points gain - 38 (Total)
Stop Loss points loss - 26
Happy Trading...!
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.