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raghavendrakumart
Apr 5, 2017 3:14 AM

TCS - Longs in ultra short term timeframe Long

TATA CONSULTANCY SNSE

Description

I generally avoid looking at a chart < 4hr. TCS however is compelling from a "trading" perspective at current market price.

Clean 5 wave decline + falling wedge + Positive divergence in RSI and MACD indicators + trendline support.

No brainer to go long with SL = Hourly close below 2390.

TCS was covered as a BUY in longer timeframe. Please refer to Links / related ideas
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