Tcs-price
TCS - Bullish Hammer post pullbackNote: This is for educational purpose only.
21 EMA has acted as a dynamic support in the past. There seems to be a pullback to 21 EMA and formation of hammer. Moreover, there is increase in volume. RSI is at 58 which is nearing bullish zone.
TCS - Sky is the limitNote: This is for educational purpose only.
TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.
Operate action plan on TCS:Buy Above 2078
Stop-loss 2069
Target 2098
Below 2065 price will move down towards 2039
Validation of parallel channel and decisive zone for TCS. Parallel Channel defined validation , more than 2 price is used to find price point by connecting at least minimum two price in degree.
TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel, the first target is at 1977 nearby.
Observation by using PRICE ACTION with Volume :
No INVALID sign of any kind has been seen yet. That's why we have no clue for selling. In terms of price and volume, the rhythmic seems moving. Possibility for up-break out or wait for sign of invalid candle
