TCS is at a crucial trendline and can be a good risk taking zone for a Long Trade. The stock has support of trendline as well as the sloping 50 DMA. This confluence of support gives more confidence.
Stop Loss: SL has to be a strong candle close below 3,450
Entry: Entries can be made after a show of strength on good volume
Target: Previous swing high i.e. 3,660++
Stop Loss: SL has to be a strong candle close below 3,450
Entry: Entries can be made after a show of strength on good volume
Target: Previous swing high i.e. 3,660++
Order avbruten:
Do not enter. Daily candle closed below the trendline