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joenysh

Channel breakdown in TCS: Post COVID collapse

Short
TATA CONSULTANCY S (NSE:TCS)  
joenysh Updated   
NSE:TCS   TATA CONSULTANCY S
Trend Lines
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trendline
snapshot

Can still go down to 2775-2800 levels. Any bounce below 3100 is a sell on rises.
Comment:
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.
Comment:
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.
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