Upward Impulse complete and the correction forming is a Fat Correction where Wave A is complete B is almost complete; Hence Wave C is yet to start and this is going to be a downward Impulse with 5 Waves and this correction ca retrace the Previous Impulse as much as 100% as per the rule of the Elliott Wave Theory; So this is the time to book your profits;
Pitchfork resistance Targeting at least a 100 point downmove (50%-61% fib retracement) Will book at 2390 ideally Market are volatile however keep your risk appetite in mind. Just learning :)
Expecting a drop from 2500-2520; need to look for further confirmation. If rejects supports finds at 2250-2300 zone for next few trading sessions.
Lower high & lower low formation in TCS with break of Swing Low Sell: TCS @ 2255.10, SL: 2284.6 Target: 2225.6, 2196
Disclaimer : We Are Not SEBI Registered. All Information On Chart Are For Educational Purpose. TCS SELL @ 2230 TGT 2215,2200 SL2240
TCS had been resisting its supply zone 2200-2300 everytime whenever it comes near that but this time it is holding this level for last one month. If this level breaks we can witness new highs.
TCS can be sold on closed below 2240 levels. TCS has broken upward trend line and trading below 20SMA in 30 min charts. It has also formed lower high pattern which indicates continuation of down trend. Conservative traders can wait for Sell confirmation below 2215 levels
- TCS is forming Rising Wedge over higher timeframe chart. - Taking a small short position here, will add more on breakdown of wedge. - R:R is good here & the pattern is in favor of BEARS.
TCS closing is 2045.80 is showing the #rising wedge pattern on the daily basis and in the downside must be a break and close below 2000 and stay 1 day then come again 1965-1930-1900 again. Sell near 2020-2035 then stop loss is 2070 and in upside, hope is only above 2160+ close one day then come to 2220-2270-2360.
INTRADAY TRADE IN TCS SHORT@2008 STOP@2118 TARGET@1990 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
Sell 2042 Target 2006 Stop loss 2051 Above 2067 bearish
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 . 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.
TCS can be short in upcoming trading days .just wait for a reversal candle . first target is 1977 .
Follow today's high. For further Trading, this shouldn't be break
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