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ArcherDAVIS
Aug 20, 2020 12:52 PM

TCS LONG Long

TATA CONSULTANCY SNSE

Description

The price has formed a bullish triangle pattern, and it seems like this may provide a good long opportunity.

Wait for a breakout above the hypotenuse of the triangle to go long. The target for the trade will be the previous high point @2357.
SL @ 2230.

Trade closed: target reached

It took a while, but the target was achieved.
Comments
Rosh10
@ArcherDAVIS - Could we expect tcs to sustain over 2300 before july expiry?
ArcherDAVIS
@Rosh10, I think you mean August expiry, and I wouldn't be so sure about 2300, as the expiry is 5 days away and the price is still at 2249.
sndmse
Hi ^ Thank you for this chart. What is your view on Tcs for upcoming week?
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