DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
