📊 Script: TCS
📊 Nifty50 Stock: YES & Nifty IT
📊 Sector: Information Technology Services.
This stock pick is according to my study. I have use 4 indicator that is
DOUBLE MOVING AVERAGE
📈 Stock is trading near at upper band of BB.
📈 There is MACD crossover.
📈 RSI is around 59.
📈 There is crossover of double moving average.
🟢 Target 🎯🏆 -...
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
TCS is at important support level wait for price action near support zone.
If tomorrow open below 3000 then support will become resistance so we will ignore that and will wait near support 2.
Important: Never take trade without setup.
Always trade with risk and reward.
Never average loosing trades.
Long above 3166, Keep trailing profits as per the resistances mentioned. SL - 3120
Short Below 3128, Keep trailing profits as the supports mentioned. SL - 3170
One can also do scalping with the help of support and resistances mentioned.
NOTE: Please wait for the market to settle down once it opens. Don't just jump into any trade without understanding the trend
The markets saw yet another negative day today and a new swing low has been created. Do you feel the bulls have what it takes to charge and reclaim the 16k level? Or will we see Nifty slipping closer towards 15k?