TCS - Ascending Triangle on Daily Chart
Pattern Formation - Ascending Triangle
Close on the Breakout - 3374
Anticipated Price Target - 3825
Suggested Stop Loss - 3327
Risk Reward Ratio - 1:9
Exit Strategy: Exit if the price closes below the stop loss in the first four daily candles after the breakout candle. Thereafter, exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
Close on the Breakout - 3374
Anticipated Price Target - 3825
Suggested Stop Loss - 3327
Risk Reward Ratio - 1:9
Exit Strategy: Exit if the price closes below the stop loss in the first four daily candles after the breakout candle. Thereafter, exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
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