TCS READY FOR LONG?AS WE CAN SEE THERE IS A LONG TERM TRENDLINE WHITE IT HAS BOUNCED BACK FROM THIS LINE AND WE CAN SEE GREEN CANDLE IN HEIKIN ASHI CANDLE PLUS WITH YELLOW TRENDLINE WE CAN SEE BULLISH DIVERGENCE I GUESS IT IS READY TO GO ROCKET TARGETS FOR LONGS 2150 AND 2205 AND STOP IS 2033 BUT FIRST LET IT CLOSE ABOVE 2093 ON CANDLE CLOSING BASIS
NOTE: TRADE AT YOUR OWN RISK
Tcslong
TCS Long Setup [Intraday]
NSE:TCS has a 8 point demand zone set at 2180 that sets up for a long trade at 2178.90 with SL at 2169.10 and tp at 2198.60
Intraday trades should be a 2:1 RR although the move towards 1st tp will indicate the strength towards 3:1. Trailing methodology can be adopted once TP is achieved.
Note: Risk 1% of the account size per trade.