Tuesday, February 04, 2014

TCS Short term trade

Hi friends,
                    TCS has made a nice squeeze on hourly chart
abcde which can be seen in following chart.
TCS Short term trade
Looking at the chart we
can see that todays low
after gap down finished
e leg of the squeeze.
Now above 2187 stock
would gain strength ,Once
it crosses 2187 it can target 2250.
Ideal trade setup would
be to buy in dip or buy above 2187
stoploss would be below 2130.


Lets see how tcs responds ,Above 2250 it would be a breakout and a positional trade
so first hurdle 2187 second hurdle 2250.

Regards
Rish

2 comments:

Rish said...

TCS almost testing 2187..

Chandarasekaran Natarajan said...

absolutely superb analysis.chander

Post a Comment