MORNING STAR FORMATION IN TCSA morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day.
Clearly, Morning star is formed in TCS today. It's ready to move upside.
TCS
TCS: Sell on rise set upTCS
3135
On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart
Alternatively,
One may consider selling February expiry 3250 Call option in the range of 60-80
Lot size 300
Max profit potential in strategy Rs 18000 - Rs 24000/- per lot
In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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- It's your hard earned money. Treat it wisely
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- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be