Ascending triangle formation in TCS on 30mins chart. When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50. EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target. Trade Idea: Buy above - 2163 Target 1 - 2184 Target 2...
in.tradingview.com Ascending Triangle formation on TCS 1 hr chart. Bullish Sign. Buy above 2338 Target 1 - 2360 / 70 Target 2 - 2400 StopLoss - 2290
It is been observed that the price action is trending down on weekly chart and now it has broken the previous support levels of 183 on daily chart, which indicates further weakness. On weekly chart, we can see a strong suport level which can be our next potential target. Target: 170 Stoploss: 195
As highlighted on the chart, there were three touch and go candlesticks formation observed at supports level of 202 on the weekly chart. As per the last week closing, this time the sellers was in control with price action and breaks below the buying zone or the support level of 202 indicated weakness and sell off in coming week. I expect the target to be 180...