TCS on 15min Timeframe, reflecting a beautiful price action.
It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener.
Forming a strong double top, it reversed from there breaking first leg's low(Support) and then retesting it again(Support turned to Resistance). More importantly, there is a weak candle Doji formed after a series of green candles. Also resembles a lower high point in a downtrend which is a place to enter.
Simply, SHORT.
It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener.
Forming a strong double top, it reversed from there breaking first leg's low(Support) and then retesting it again(Support turned to Resistance). More importantly, there is a weak candle Doji formed after a series of green candles. Also resembles a lower high point in a downtrend which is a place to enter.
Simply, SHORT.
Nota
Entry - 1797SL - 1837
Target - 1714
Pesanan dibatalkan
STBT on Friday would have done the job. TCS opened a huge gap down almost 10% crossing all the entry and target zones.
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.