imchartist

TCS Short on 15min Timeframe

Short
imchartist Aggiornato   
NSE:TCS   TATA CONSULTANCY S
TCS on 15min Timeframe, reflecting a beautiful price action.

It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener.

Forming a strong double top, it reversed from there breaking first leg's low(Support) and then retesting it again(Support turned to Resistance). More importantly, there is a weak candle Doji formed after a series of green candles. Also resembles a lower high point in a downtrend which is a place to enter.

Simply, SHORT.
Commento:
Entry - 1797
SL - 1837
Target - 1714
Ordine annullato:
STBT on Friday would have done the job. TCS opened a huge gap down almost 10% crossing all the entry and target zones.

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