TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation: wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through trailing stops.
Acceleration of wave (5) can give the move up to 4080.
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation: wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through trailing stops.
Acceleration of wave (5) can give the move up to 4080.
Note
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Note
Check the resultsTrade closed: target reached
TCS has made a high of 4048, and started corrective formation.
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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.
Related publications
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.