ksurya93

Ascending triangle pattern Breakout in TCS

Long
NSE:TCS   TATA CONSULTANCY S
85 views
2
With higher highs and higher lows, TCS formed an amazing ascending triangle pattern, and now it's broken with decent volume .

Enter now with half quantity and buy the other half when it moves back and took support at the triangle line (A).

Take Profit at 10% - 15%.
If there is a clear bearish sign at R1, exit with half quantity. And if it hits below the pattern, exit fully.

Pros: IT is performing well in the sector-wise.
Cons: Correction at peak will be huge and fast, hence trade with caution.

Comments