TCS IS LOOKING TO BREAKOUT OF RISING WEDGE PATTERN
-Good short-term move on the downside is expected
-dollar decreasing adding more motive for downside
-momentum can intensify below 3695
TCS SEPT FUT
SHORT@3700 (BELOW)/(WAIT FOR IT)
STOP@3730
TARGET-1@3680
TARGET-2@3665
TARGET-3@3652
-trade as per risk appetite
-view is that bank will takeover the leadership role from IT stocks
-sector rotation will aid on the downside
-dollar decreasing adding more motive for downside
-momentum can intensify below 3695
TCS SEPT FUT
SHORT@3700 (BELOW)/(WAIT FOR IT)
STOP@3730
TARGET-1@3680
TARGET-2@3665
TARGET-3@3652
-trade as per risk appetite
-view is that bank will takeover the leadership role from IT stocks
-sector rotation will aid on the downside
Note
FINALLY BREAKDOWN IS POSSIBLETrade active
TRADES SHORT@3730-3735 STOP RAISED TO 3800
TARGETREMAIN SAME
Trade closed: stop reached
EXIT TCS SHORTS AS STOP HIT
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