TCS - About to Break out of a consolidation
Hello All,
Here is the 1H time frame of TCS which is making a triangle pattern with converging prices at the bottom its recent downtrend.
We can expect T1 once Breakout Price is reached and we get at least a 1H candle closing above the marked breakout price
Once the supply zone near T1 is cleared we can expect prices to hit T2 as well
Above T2, Sky is the Limit for TCS
Here is the 1H time frame of TCS which is making a triangle pattern with converging prices at the bottom its recent downtrend.
We can expect T1 once Breakout Price is reached and we get at least a 1H candle closing above the marked breakout price
Once the supply zone near T1 is cleared we can expect prices to hit T2 as well
Above T2, Sky is the Limit for TCS
Dagangan ditutup: hentian tercapai
Unfortunately on the back of a bad set of results TCS has triggered our stop. Risky players can wait for closing and see if it closes above our Stop loss the trade can still deliver its targets. But to be fair we will consider the stop as Hit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.