Hi traders & investors,
Tcs charts structure is showing sign of trapping upside for bulls. I marked pink box area where bears are letting price to visit that area. Then trapping will be done. In fact tcs is in impulse wave that will end near pink box. From there a correction of this impulse is expected to be seen which will...
TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
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.
TCS Breakout bearish traingle and move toward 5 th wave (Final wave ) we can see Target toward 0.6 fib level target toward at 1500-1456
Take entry according to the charts and use proper stoploss i make it with red line
TCS on 15min Timeframe, reflecting a beautiful price action.
It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener.
Forming a strong double top, it reversed from there breaking...
TCS is currently testing its support of 2200, and has closed below it today. I use Vix Fix along with On Balance Volume to see the trend. Here the OBV is decreasing while the Vix is increasing - clear indication of Share sliding down. Further confirmation is taken using a setup of Stochastic Momentum and Awesome Oscillator. Stochastic shows the beginning of down...
TCS IS RESPECTING TRENDLINES NOW TAKING RESISTANCE FROM UPPER LINE IT MUST TOUCH LOWER LINE NOW TARGET GIVEN FIRST LET RED LINE BE CLOSED ON CLOSING BASIS STOP LOSS 2238 ON CANDLE CLOSING BASIS
NOTE: TRADE AT YOUR OWN RISK
ONCE IT CLOSES ABOVE UPPER TRENDLINE ON CLOSING BASIS TARGET IS GIVEN WHICH ALSO A GAP WHICH MAY BE FILLED OR IT MAY KEEP CONSOLIDATING IN WEDGE IT MIGHT ALSO COME DOWN TO LOWER TRENDLINE TARGET GIVEN FOR SHORT TOO LET BEARISH CROOSOVER OCCUR IN STOCHASTICS