If TCS will manage to sustain above 2010 then it may test the 2100 level in a few days. Please find the demand and supply zone for the target and stop loss.
HindPetro is currently on major Monthly resistance level, and the price is moving in an upward trending channel.
If the price breakouts 220 , can be a confident trade to Go Long with first target being 228.. Stop loss around 214.
TCS has been consolidating in the form of a triangle for more than a year. This consolidation now appears to be broken on the downside.
I'l leave it to you to time the entry for a SHORT ride!
SRTRANSFIN (Shriram Transport Finance Company) SELL BELOW 1060
Making a falling triangular pattern, breaking the lower trendline will have more selling pressure.
As can be seen the price has been trading above the Cloud on a weekly TF which means the stock has entered a long term bull market. With all other indicators (A/D line, Other Ichimoku indictors, Moving averages) pointing to be on the long side. The stock can be bought on dips at the Tenkan and Kijun levels in small quantities.
Happy trading / investing
Regards...
