sumeet007
Long

TCS short term Long Bias

NSE:TCS   TATA CONSULTANCY S
TCS is taking support at its short term swing high, also the trend is up and the trend line is also acting as a support. But if it breaks 2065, the next supports are 2010 and 1980. Until then its a long for short term. The volumes are also decreasing which indicates that the pullback is not strong. Favourable exit polls also suggest the market will perform better at least till actual results are out. There is a risk reward ratio of 2:1 for this trade. Be cautious as there will be high volatility because of election.
Trade closed: stop reached: Take reverse position as it broke the support
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