TCS, the leader of the IT pack, is in a nice uptrend. If we see a continuation of the bar formed today, we should be approaching 4000 odd levels in no time. One could initiate a trade keeping the following levels in mind.
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LONG ABOVE: 3853
STOP LOSS: 3767
TARGET 1: 3939
TARGET 2: 4025
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Only initiate the trade if price sustains above the "LONG ABOVE" level for at least 15 minutes.
Manage risk properly and trade your plan.
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