Kishore

TCS ASCENDING TRIANGLE BREAKOUT AND RISING WEDGE FORMATION

Short
NSE:TCS   TATA CONSULTANCY S
Market analysis: Tata consultancy has broken the ascending triangle pattern structure in weekly time frame and formed a rising wedge in daily time frame. Also it has formed a double top in daily time frame. So we can wait for the market to break the neckline to start turning bearish. Can execute trades after the wedge or neckline breakout.

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