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TATA CONSULTANCY SERV LTD
Long
Updated

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

665
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.
Swinging_Inside_the_BAR
FibonacciInside BarSupport and ResistanceswingtradingTCSTrend Lines

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.
FibonacciInside BarSupport and ResistanceswingtradingTCSTrend Lines
Swinging_Inside_the_BAR

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.