vidursaini

TCS - CRITICAL LEVEL

NSE:TCS   TATA CONSULTANCY S
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I'm Long. Wouldn't advise anyone to take a position yet. Take a position on the side the trend line is broken.

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Candle shows dark cloud cover.. it may go below...
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vidursaini sudalaikasi
@sudalaikasi, Hey. I agree with you here, but TCS is consolidating at the psychological support of 3500 and was in a strong uptrend before it. It could be signs of a cool off or continuation of the uptrend. We could also see a shakeout before a breakout. Hence, critical area.

UPDATE: I closed my long position because of the Karnataka elections.
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