TCS
TCS Wave Anaysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
DIS-INVESTMENT CHART
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 10-12 times.
(Intraday/ Positional Trader) Short! TCS Not Ready Yet
1. On Drawing AB=CD Pattern on Day Chart.
2. TCS took the reversal from the 0.618 level from Pre COVID 19 Price to Recent Lowest Price.
3. For the Complete formation of AB=CD Pattern , Assume BD=1.27. D Point Form at Rs1537.
4. On Recent , Descending Triangle Formation on 30M Chart.
5. Intraday- Sell Below 1880 Target: 1874, 1856 , 1833 Stop Loss :1890
6. Positional Trader: Sell Below 1880 Target :1807, 1730 , 1653 , 1635 Stop Loss: 1890 (Please Trial the Stop Loss Because Targets are too High)
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Low Risk (0.5%)...High Reward (upto 7%)....TCS...Intraday SetupIntraday Trade Setup (04-May-2020):
Case-1: If it break 1980 level, go for SHORT
Enter: 1980
SL: 1990 (0.5%)
Target-1: 1940 (2%), Target-2: 1910 (3.5%), Target-3: 1850 (7%)
Case-2: If price sustained above 1990, go for LONG
Enter: 1990
SL: 1980 (0.5%)
Target-1: 2050 (psychological, 1.5%), Target-2: 2070 (4%)
TCS: Strong Upmove is Expected in May Expery TCS closed above its major supply zone @ 1995-2010. If it will manage to sustain above this level then the price may test its upper side of the supply zones. Find the supply zones in the chart.
According to the option, data highest OI in put @ 2000. I am not expecting TCS May expery below 2000. I may take a short position in 2000 put in may expery.