TCS Technical Analysis for august expiry (LONG)

So last 3 weeks tcs was on bearish mode , even when nifty reached new highs tcs was still on bearish mode , but we all knew that it was not gonna be like that for a long time as soon as nifty fell 384 points from its high, tcs tested its 3150 support instantly it went up by 60 points with a hr even though nifty was falling and all other stocks were on bearish mode, now that my dear friend is the power of price action and the trend , it exactly respected the 3150 support zone and went up by 60+ points , so for august view the target will be 3300-3400 if these levels are broken we can expect to even test 3700 and keeping stop loss at 3150-3180 is a good risk reward strategy.


Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose

Kommentera:

well well looks like our next target upside might be 3500-3700 ;) by this month end