#TCS Potential breakout towards Weekly channel top
#TCS Potential breakout towards channel top
This IT sector stock has been moving in a weekly trendline channel and had done an wedge pattern breakout back in august
Post which it had a pullback to channel bottom and now it seems to be heading back to channel to again by way of potential
Breakout from a previous resistance zone.Positional entry above a confirmation candle above the resistance 3990 levels
Could give good swing trading opportunities atlas till channel top .The FIB extension indicate possible targets upto 4350 if
Breakout sustains. The stop loss should alert candle of breakout above resistance low.
This IT sector stock has been moving in a weekly trendline channel and had done an wedge pattern breakout back in august
Post which it had a pullback to channel bottom and now it seems to be heading back to channel to again by way of potential
Breakout from a previous resistance zone.Positional entry above a confirmation candle above the resistance 3990 levels
Could give good swing trading opportunities atlas till channel top .The FIB extension indicate possible targets upto 4350 if
Breakout sustains. The stop loss should alert candle of breakout above resistance low.
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