TCI EXPRESS Massive Short Trade Caught on RisologicalTechnical Analysis: TCI Express (15-Minute Timeframe)
The chart demonstrates a highly successful short trade on TCI Express, with a stellar 12% decline captured within just five trading days. Here's a breakdown of the technical scenario:
Trade Overview
Stock: TCI Express
Timeframe: 15-Minute
Entry Price: ₹986 (on 7th November)
Current Market Price: ₹867
Price Movement: -₹119 (-12%) in approximately 5 days.
Trend Confirmation:
The chart showcases a well-defined downtrend with consistent lower highs and lower lows. This structure highlights strong bearish momentum.
Indicators in Action:
The visible red bands represent a dynamic resistance zone (Risological Trading Indicator). The price has consistently respected these resistance levels, confirming the strength of the sell-off.
Volume Support:
The volume aligns with the price action, increasing volume during the breakdown reinforced the bearish sentiment.
Momentum Breakdown:
The significant gap and subsequent bearish continuation patterns suggest that sellers are in complete control, with no signs of reversal yet. The tight clustering of the Risological resistance bands further validates the ongoing strength of the downtrend.
Performance
This short trade has outperformed expectations by delivering a 12% return in just five days, underscoring the precision of the entry at ₹986. Such rapid declines in a short timeframe highlight the effectiveness of the technical analysis and adherence to trend-following strategies.
Outlook
Support Zone: The price may find psychological support near ₹850, where traders should watch for potential profit booking or consolidation.
Next Levels to Watch : A break below ₹850 could trigger further downside, targeting ₹820 or lower.
Reversal Triggers: Reversal signals, such as a strong bullish engulfing pattern or price closing above the resistance bands, could indicate an exit point.
Key Takeaway
This short trade exemplifies disciplined execution, leveraging technical indicators and market momentum to achieve remarkable gains in a short timeframe. With the stock still in a robust downtrend, traders should continue monitoring for trailing stop adjustments to maximize profits while managing risk effectively.
