TCS is trying to make "W" pattern on daily time Frame

9 Kas 2021

TCS

TCS is trying to from a "W" pattern on daily time frame. Looking good for long position.

Current Price: 3505 rs
Good Entry Point: 3400 - 3480 rs
Target: 3700 rs (1st) - 3900 rs (2nd)
Stop Loss: 3375 rs
RSI: 60 (Not in over brought zone)
Probability: Positive for Long position
Risk Reward Ratio: 1:2

Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.

Happy Investing..