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ElliottWaveInsights

TCS : Capture 5-7% Upside Momentum for Profitable Trades!

Long
TATA CONSULTANCY S (NSE:TCS)  
ElliottWaveInsights  
NSE:TCS   TATA CONSULTANCY S
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
TCS is currently advancing within its significant third wave. As we assess the subwaves of this third wave, it appears that TCS is nearing the completion of its fourth wave, positioning it to proceed into the final phase of its cycle, the fifth wave. Consequently, our target is set at 4380. A breakout in price action presents an entry opportunity in TCS, with a stop loss placed below the fourth wave. Given that this marks the last wave of the cycle, it's prudent to trail our stop loss to mitigate risks, as a sell-off may follow. Therefore, trailing the stop loss is essential in this scenario.
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