Free Stock market / Nifty intraday tips, Unspecified

Stop taking long position on TCS…! reason behind it?

  • The left side to the right, each excess, have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal of the trend.
  • With Time Cycle analysis, 1st-phase has 43 bars and 2nd-phase and 3rd phase till continue.
  • Turn on your eye on volume, it’s reducing.

Prev. Resistance is at 2194.5, so seller and profit booking can be seen that time with a TAIL.
Short sellers have two points of target, one Control Price target 2117 nearby and prev. Strong support at 2051.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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