Bearish Bat at 2500. If TCS goes below 2490 - I shall be looking for target 2465-below 2465 for 2430 -below 2425 for 2400 & below 2400 -can be 2345.
Stoploss above 2516 ( 1 point above X- level)- In first place once it dips below 2490 - it should not bounce above 2500 which will early signal to be cautious in the trade else we enjoy 2465- 2430.
Candlestick Pattern- We have doji candle
What is a 'Doji' Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns. A doji candlestick forms when open and close are virtually equal.
In our case open & close for current candle is 2496 so it qualifies for a doji candle.
When to execute the trade As doji is a neutral pattern - we should wait for market to dip below 2492 - we will take 2490 as trigger point for targets mentioned above 2465- 2430 & below 2425 for 2400 & below 2400 for 2345.
If it bounces like a ball from 2425-2435 zone Also, If TCS holds 2425-2435 - one can take long positions(buy) with stop loss below 2425 & target- 2465- 2500- 2525
Operación cerrada: precio stop alcanzado
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13:23 Hrs 24th July2017
Last Price@2522
opened just below 2490 but could not hold below 2500 - which I suggested as sign of caution so likely trader could have exited the call with minimum 10 points stop.
Trade closed stop reached it is UNESCO heritage line in your posts
WaveTalks
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@SatyamMishra, I am always a trader with some levels if if crosses & in favour then happy but if it crosses against us then I am very fast to react without even wasting micro secs to dump the trade.