TCS is trying to from a "W" pattern on daily time frame. Looking good for long position.
Current Price: 3505 rs Good Entry Point: 3400 - 3480 rs Target: 3700 rs (1st) - 3900 rs (2nd) Stop Loss: 3375 rs RSI: 60 (Not in over brought zone) Probability: Positive for Long position Risk Reward Ratio: 1:2
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
@all, TCS is about to reach the 1st TGT of 3700. Book 80% profit here.
Sathya_narein26
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Your analysis is good, looks like good upward potential. But in 1 hr chart, it moves in sideways. Your view on this?
Trending_Trades
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@Sathya_narein26, Hey as you know the small time frame always follows the big time frame trend. So analysis wise the probability is, it's preparing for uptrend.
Sathya_narein26
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@Trending_Trades, yeah, you are correct! So we can catch @3400 and aim for 3600 for short term. SL can be 3350?