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joenysh
Feb 28, 2021 6:44 AM

Channel breakdown in TCS: Post COVID collapse Short

TATA CONSULTANCY SNSE

Description



Can still go down to 2775-2800 levels. Any bounce below 3100 is a sell on rises.

Comment

Doji created on the daily charts. All sell positions should be limited to intraday and no positional shorts. It has been opening strongly and losing steam post 10:30ish.

Comment

Seems like a breakout in TCS. If the move sustains, it could go above 3150.

Trade closed: stop reached

TCS opening above 3035. Its an exit of all shorts. Buy on dips is a better strategy.
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