I-Fund-Trader
Short

Last Push before heading for Major Correction , Sell on Rise

NSE:TCS   TATA CONSULTANCY S
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1
This one is Going to Come down heavy , as it has pushed so far and any weakness will start cracking , I will be Looking sell on Reversal on 1 Hour with stop above 0.5 % the Top of the scrip , I will be looking to stay with it trailing my stop until it makes an 10 % move down form the current level
Sell on reversal in Futures
Trade active
Comment: so far 1860 to 1824 , in Futures
Comment: So far 1860 to 1809, 51 Points

Comments

what pattern is that?? just trendline support and resistance or something else??
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I-Fund-Trader singhankit
@singhankit, its named as Expanding Flat , it means , when trend reaches to certain level or certain psychologically considered as high (on Current prices) the Moving trend starts moving the flat direction or side ways , but these side ways tend to have certain repeatable pattern , and which is identified by professionals and named as Expanding Flat , that means price moves little bit higher/Little bit lower but remains in the same Flat conditions ,
Regards
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