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...
IF TCS BREAKS ITS SUPPORT ZONE THEN IT WILL BE FALL TO 1850-1825 WITH SL OF 2030 STRICT SHARPLY WAIT FOR BREAKING ITS SUPPORT
FOLLOW TRADE AT YOUR OWN RISK I AM NOT CERTIFIED:)
LET COLOURED AREA WORKING AS SUPPORT BE BROKEN ON CLOSING BASIS(USE 30 MINUTE CANDLE) TARGET IS GIVEN WHICH IS GAP WILL BE FILLED AND ALSO TRENDLINE SUPPORT IS THERE
Buy between 2239-2271 and aim for a target of 2100 . Stoploss has to be kept above 2275.
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...
IT IS AS WE CAN SEE IS AT VERY GOOD TREND LINE RESISTANCE BE ADVISED AND BE CAUTIOUS
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
All levels are mentioned on the chart. This chart for only educational purpose and before taking any position please consult your advisory.
Sell TCS @ 2180. SL @ 2197 Good Luck Hare Krishna !
TCS to end up move and show some downside levels of 2158-2097...wait for pullback to go short....respect risk
TCS in its exhaustive upmove and we may witness a sharp decline from 2280 levels in coming days....if this happens we can witness 2030 levels soon.....Respect Risk.....Happy Trading
TCS seen in its exhaustion final move ...final push towards 2280 can be seen with a sharp downfall towards 2030 levels......Respect risk......happy trading