RahulNewar

TCS - Wave 2 Triangle break out

Long
NSE:TCS   TATA CONSULTANCY S
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1
TCS Seems to in the stage of completing Wave 2. The Wave 3 would be much stronger and may bounce towards upside extending up to 2550 level. In case if the break out happens towards the downside, the downside would very limited. Strong support at 2180-2200 level. So good to hold long. Strong upside post August expiry.
Comment: TCS gave the break out of the upper channel. May need confirmation for the break out. I would be wait for green candle with 10 points upside.