TCS - Bullish trend (Intraday - 19/4)
Positive Side :
1. Formation of Cup & Handle pattern. Indication for a bull run.
2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks.
3. Can expect a huge return, if the market support the uptrend.
Negative Side :
1. Last two monday trading sessions turned out to be a disaster in the market. So, if it follows, IT stocks too can fall along with it. So recommended to keep 20pts below the trendline breakout.
1. Formation of Cup & Handle pattern. Indication for a bull run.
2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks.
3. Can expect a huge return, if the market support the uptrend.
Negative Side :
1. Last two monday trading sessions turned out to be a disaster in the market. So, if it follows, IT stocks too can fall along with it. So recommended to keep 20pts below the trendline breakout.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.