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mformayuresh
Jun 14, 2021 2:32 PM

TCS Long

NSE:TCS30
TATA CONSULTANCY SNSE

Description

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Making Ascending Triangle Pattern.

TCS is strong above 3290.
It need to break that level and sustain above it.

TCS will continue its rally after breaking the resistance zone.
Trend AnalysisChart PatternsAscending TriangleTCSTechnical AnalysisLONG
Comments
dixkumar90
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it failed.. i was about to take this trade ,but didnot enter.
mformayuresh
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@dixkumar90, TCS did not sustain above the 3290 levels. Nifty was not supporting that time.
nmk2296
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@dixkumar90, price is actually very much extended(inflated) in higher timeframe. The price needs to pullback near 50MA in monthly timeframe. TCS needs to breath for a while.
mformayuresh
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@nmk2296, Agree!
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