TCS seems to be bearish as it has already broken
The support 1 at 2106
Now There are two more supports that can also be broken
Support 2 at 2059
Support 3 at 2033
Today the market will be more volatile than usual because of budget so trade very carefully !!
Stop Loss 2095
Also The RSI seems to go even down because the supply zone has...
As explained on chart.
Would suggest a staggered investing method for portfolio addition and Swing trades.
Long Entry price 180-185
SL Lifetime Low 177
Target Open! Swing traders can exit at Targets 200-210
I personally feel that the budget on Saturday is going to give a nice boost to energy stocks and such infrastructure/power driven stocks. Starting Addition...
Our short position on PEL worked out to a decent fall. The full target is still on the cards!
LATE ENTRY REMINDER
A trader who has missed the opportunity can get a late entry near 1650 zone if it bounces for short covering
However it may fall relentlessly and to catch the move an order to sell can be given to trigger at 1560 (low of the day) for an additional...
--> Just like the waves in the direction of the Sea and the less dififfult and less difficut o walk in that direction, here is what i want to tell you.
As per the long view of the nifty research, I suggest to find what is the best level and minimum risk for short selling is intelligent decision AS TRADER....
As you can that New Zealand Dollar have just break it support zone where I have interested in. and their is double top if you can find it. and MA has it diversions ad gonna cut 50 EMA. so I'll be look for the short opportunity in New Zealand dollar in my selected area and with my risk to reward ratio . hope you enjoyed