What's going on guys?
Hope you are doing good and have made 7.5% return with my swing setup on Vedanta.
If you haven't checked it now then you should see it to know how I decide my trade, manage the trade after the execution and hold the patience while in the trade.
Let's talk about TCS .
Found a good intraday set up in the stock for today giving a good RR ...
As per the chart TCS stock in uptrend & forming higher highs on all TFs. Check the Elliot wave triangle marked on the charts. Stock can be taken for long entry above the level of 2202 for the next target price of 2355 with the SL of 2250. Entry can be taken after the BO level. So add the stock in your watch list to see the price action movement of the...
TCS can be sold on closed below 2240 levels. TCS has broken upward trend line and trading below 20SMA in 30 min charts.
It has also formed lower high pattern which indicates continuation of down trend.
Conservative traders can wait for Sell confirmation below 2215 levels
TCS has given breakout from its previous multilevel resistances.
The breakout was with good volume.
Once the Scrip stays over it then there should be big move in TCS.
Buy TCS and hold . Keep stop loss at 2157 .
**ideas are my own** please take risk accordingly**
TCS has been steadily increasing it’s business in the past few years even though it’s share price have not tracked a significant increase. The resistance level around the price range of 2200 and 2300 is crucial. Given the increase in volume of the past few weeks we can expect some action.