In weekly, price bounced from trend line support, also it is making higher high and higher low.
in daily price at horizontal support
sl - 2475, 1st tgt - 2750
Trade active
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till now 2594
Trade active
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till now 2619
Trade active
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till now 2701
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in daily, big green candle formed, price closed above upper BB and BB is expanding. sign of bullishness,
Trade active
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in monthly, price is ready to breakout of the consolidation.
Trade closed: target reached
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cmp - 2806, tgt achieved, cheers friends. now road is clear for tcs to enter all time high zone. In daily, horizontal breakout happened with good volume, price closed above upper BB and BB is expanding.
next tgt - 2900
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reason behind my 2900 tgt
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target of 2900 achieved here, cheers
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updated analysis,
in longer time frame, there is a breakout from 3 yr long, horizontal consolidation, now it is going to resume its long term uptrend,
@ParamjitMahapatro, Ok just a random query, Any suggestions of some technical analysis book or the best way to learn?
Also are you a PRO Member on this platform? I'm sort of new.
ParamjitMahapatro
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@Madhavrox, I would suggest - 'Technical analysis of financial markets' by 'John J Murphy', It gives an in depth knowledge on TA.
No, I am a Free member here.
Madhavrox
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@ParamjitMahapatro, Alright! Also, which all platforms & resources you use to track the market or a particular stock?
ParamjitMahapatro
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@Madhavrox, I mostly use tradingview only
sometimes use moneycontrol to get news and info
Madhavrox
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Don't you think it's forming gravestone doji and shooting start pattern?
ParamjitMahapatro
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@Madhavrox, Effect of candlestick is short term, but an established trend , tends to continue, from nov 2016, it is forming higher high and higher low, so I am overall bullish in tcs.