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TCS - Ascending Channel Bullish Breakout

Long
NSE:TCS   TATA CONSULTANCY S
TCS has broken out of the ascending channel , supported by high volumes.

It can be bought between the price range of 3400 - 3450, for a target of 3650, which it should hopefully achieve before the next earnings are published.
Stop loss can be maintained at 3349. Refer the Fibonacci Retracement given in the chart to identify the support levels, if you do not wish to keep the stop loss.

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Trade closed: target reached: Target achieved on 23/08/21

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