A nice Pick for a swing/ positional trade for this week is a short trade of TCS, Because the market NIFTY is overbought & is the world's most expensive market based on PE valuation so its better to short rather than to buy anything in nifty 50, and a recent filter showed TCS as overbought technically and seems to have formed a double top and is moving down, The Targets and the Resistance are marked on the chart, the indicators that were conforming the short were MACD, RSI, STOCHASTICS, BOLLINGER BANDS, ADX.
The Target 1 -Level is a stronger level because of Fibbonacci reteracements 0.61.8 & is a swing low.
Good Luck.
The Target 1 -Level is a stronger level because of Fibbonacci reteracements 0.61.8 & is a swing low.
Good Luck.