This site is not for trading or investment tips. I record my observations about the market for my own improvement. DO NOT FOLLOW ANYTHING WRITTEN HERE !!!. I am not a certified financial person any person following this blog will be doing it at his own risk !!!
Thursday, July 19, 2012
TCS Analysis as of 18-Jul-12
The trading opportunity in TCS is explained in the chart show below.
TCS Daily Chart
TCS is trading in sideways range with bearish bias. Trading opportunities are shown at circles marked in RED. The black arrows are the stocks likely path in the next few trading sessions.
Best level to short is 1235, with a target of 1185-1145-1105 & 1065
Stop loss should be 1291