TATA CONSULTANCY - TRADING BETWEEN 50EMA AND 100EMA

TATA CONSULTANCY #TCS

- MOVING IN A NARROW RANGE
- FORMED A TRIANGLE PATTERN
- TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 50EMA.

INDICATORS:
RSI IS BELOW 50-LEVEL AND IS BEARISH
CVD IS NEGATIVE
TT2 TREND IS BEARISH IN 30 MINS

COMMENTS:
1. BUY ABOVE 50EMA
SL 100EMA
TGTS 2246/2277/2300

2. SELL BELOW 100EMA
SL 50EMA
TGTS 2160/2130

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.

Trade closed: target reached:

BUY TARGET1 ACHIEVED!!