Tcs probable short candidate
Tcs spot cmp 3300
Counter is trading around supply line resistance. counter have given good breakout from previous peak point of candle A,, if observed candle U have given breakout but volume of candle U is lower than candle A, and no follow through buying seen after the breakout candle,, also prices not able to hit the supply range indicates supply is overtaking demand. once price falls below the peak levels of "A" candle reversal can be confirmed.
Bearish divergence observed on RSI indicator where price are making higher high and indicator is making lower high, this is hint of strength decreasing at higher levels..
Good short candidate, wait for price confirmation..
Counter is trading around supply line resistance. counter have given good breakout from previous peak point of candle A,, if observed candle U have given breakout but volume of candle U is lower than candle A, and no follow through buying seen after the breakout candle,, also prices not able to hit the supply range indicates supply is overtaking demand. once price falls below the peak levels of "A" candle reversal can be confirmed.
Bearish divergence observed on RSI indicator where price are making higher high and indicator is making lower high, this is hint of strength decreasing at higher levels..
Good short candidate, wait for price confirmation..
Zlecenie zamknięto ręcznie
TCS DONE 3185 BOOK OR TRAIL AS PER COMFORT
Wyłączenie odpowiedzialności
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