TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to...
NSE:TCS
Observations:
1) On 1day time frame,finally it closed above 3650 level and close out from the consolidation range.
We can see major breakout level now is at 3675 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 24-12-2021
1) Don't Jump in to trade at the beginning of the market....
![TCS: Simple Trade Setup | TCS | 24-12-2021[INTRADAY]](https://s3.tradingview.com/t/tbq6b9Fs_mid.png "Simple Trade Setup | TCS | 24-12-2021[INTRADAY]")
