We noticed TCS has made a significant breakout above a downtrend channel which could be a bullish Measured Move formation. Hence, the next movement to the upside could be duplication the first leg (AB) to point D, coincide Fibonacci level 2.618 at 0.73. On the flipside, a price movement below S1 at 0.50 will negate this Bullish outlook.
Earlier post:
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Earlier post:
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trade closed: target reached