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BuyingClimax

TCS notices a Doji near the ATH. Volumes are significantly high. As per volume spread analysis, this is termed as buying climax. Last one hour it had seen relentless selling and looking at the volume, it looks like danger ahead. It could be too early to predict the future price action, but will be wiser to wait for confirmation on higher timeframe charts preferably weekly one to initiate any positional short trade.
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Disclaimer: Objective of posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
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2865 to 2785 on next day. Not a bad move.

Feragatname