TCS - LONG ABOVE 2000CMP 1969
Long suggested above 2000
Stop at 1900
Target 2200 plus
Logic:
W pattern formation fuelled by price / pivot oscillator divergence.
Pboscillator
YES BANK - Short term pull back possible Daily charts
cmp 169.80
Long advised above 172.
High probability of Short term pull back towards mean. (195-200 )
Logic -
Strong divergence seen in price Vs pivot based oscillators.
Price forming lower lows + pivot based oscillators forming higher lows with volume supporting.
DOES NOT SIGNIFY A PERMANENT REVERSAL. ONLY A SHORT TERM TRADING OPPORTUNITY.
Stop for this would be 160. Entry should be only above 172 for a target of 195-200.
