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TCS

TCS, PitchForks Chart Pattern, 1hr Chart, Learn and EarnTCS Formed pitchforks chart pattern on 1 Hr chart Trade: When the trend is intact, prices gravitate towards the median line. Hence, when prices reach the top trend line, take profits or short the market. Also, when prices reach the bottom trend line, enter a long position, or close a short position. Target: The targets for "Pitchfork" are usually at the median line. If the price does not stop at the median line, it will tend to move to the lower trend line (for shorts) or move to the upper trend line in case of a "long" trade. Stop loss: For "short" trades, place a "stop" order above the upper 'pitchfork" line, Similarly, for "long" trades, place a "stop" order below the lower pitchfork line
NSE:TCSLong
by Jay_25
2
(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) IF YOU LOVE THIS STUDY PLEASE LIKE + COMMENT. IF YOU WANT MORE STUDIES FROM MY SIDE PLEASE FOLLOW MY PROFILE
NSE:TCSShort
by B-Power