Get started
TATA CONSULTANCY SERV LTD
Short

Channel breakdown in TCS: Post COVID collapse

By joenysh
Updated
snapshot

Can still go down to 2775-2800 levels. Any bounce below 3100 is a sell on rises.
Note
Doji created on the daily charts. All sell positions should be limited to intraday and no positional shorts. It has been opening strongly and losing steam post 10:30ish.
Note
Seems like a breakout in TCS. If the move sustains, it could go above 3150.
Trade closed: stop reached
TCS opening above 3035. Its an exit of all shorts. Buy on dips is a better strategy.
Trend Lines
joenysh
Also on:

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.