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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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.