we are hitting the resistance again and now try to move higher
we need weekly close above this resistance for the long setup
we will wait for good bounce and big bullish candle and than enter in this trade. till than watch the movement
price made good bounce from the support zone and if we break the trend line than we can move higher from here.
also daily candles made good Bullish Divergence which is really impressive.
Waiting for trend line breakout
TCS just broke the supply really undervalued companied among other tech giant having price in $ not justifying the price here.
this stock value more than 5000 rs we just stated here
below 2350 is a good buy with stop below 2100
how to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price...