TCS Short at 1900 ST 1970We are doing Analysis of TCS on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
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Ankur Verma
Twitter : Ankurverma3838
TCS trade ideas
TCS 60 NSE SHORT01) Wolfe Wave ( Bearish )
02) Price near rising channel top
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03) Entry - Below Pink Trend line
04) 1st Target - Red Trend line
05) Stop Loss - Above Pink Trend line (White Horizontal line - 1975)
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Note : This study for educational purpose only.
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TCS "TRIPLE TOP" will it break it!!?NSE:TCS TCS is currently trading in a range of 1500-1900 but the POSITIVE thing is that it is having HIGHER LOWS which increases the probability of breakout above1900 and it has also formed TRIPLE TOP at 1900 which makes a stronger resistance to break. IF it doesn't break 1900 it may take support again at 1800 and next support is at 1700. According to me the probability of TCS breaking 1900 is higher.