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.
TCS buy Near 2135-2125 Stoploss 2075 Target 2250-2350 Reasons For Trade- 1.Excess buying can be seen near to channel support 5th time 2.Price is near to daily support of 2080 3. Price has taken support from 200 EMA on 4 hour chart 4. Risk Reward 1:1.5
TCS is making slow upside movement and we can wait to see it moving up as per our plan. If it follows the plan, TCS can be long for 2450 - 2480
Bullish Flag pattern observed in TCS. Yesterday's candle confirmed the breakout and price could move to 2380 based on the pattern.