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TATA CONSULTANCY SERV LTD
Long

TCS- Buy-Swing trade- Will this be the end of downward range?

By Swinging_Inside_the_BAR
Updated
snapshot TCS

01.07.2024
Buy Above:Strictly above 400
Target:4191
Stop Loss: 3812

1. Inside bar Breakout
2. Momentum gain in IT Sector
3. Price crossed above previous lower high in the downward range
by rejecting 200 EMA & channel midway.
4. Also price is above 21 & 50 EMA
5. Key level rejection found & fake breakout found in previous lower low
6. Price crosses 0.618 Fibonacci level in downward trend.
7. Good volumes in upside movement & low volumes in bearish candles

Trade active
Trade active
Good Movement. Expecting to reach the target in few days
Trade closed: target reached
Target Reached with the support of IT Sector.
FibonacciInside BarSupport and ResistanceswingtradingTCSTrend Lines

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