TCS Swing capture using EW analysis.

2020년 7월 7일

Hello guys , i have an excellent setup for EW overs here. Also the fun part is that it coincides with their quarterly result announcement on the 9th, so it can show huge movement. So the idea here is to ride the C wave.

First things first, ideally ill request you to check this setup in 5min chart. Since we are not allowed to post charts of TF less than 15 mins hence this TF is used for analysis.

Now,

As we can see Wave A(orange), was a 5 wave move. Hence the correction should potentially be a zig-zag. Having said that, Wave B(orange) should retrace somewhere around 0.618 of Wave A. Hence potential target for wave B end have been market. Now incase of zig-zag corrections Wave A = Wave C with respect to time and price.

So, we are looking to short after the completion of B wave to ride the whole C wave down which could terminate around 2200 levels.





P.s. This chart is for educational purposes only.

2020년 7월 8일

노트

5th completed at 2275.

2020년 7월 8일

노트

Wave 3 of wave III started at 2256. This will be the move!

2020년 7월 8일

액티브 트레이드

This is the power of Elliot Waves.

2020년 7월 8일

노트

Will not settle for less than 2200, will then trail stop loss above last swing low and let my profits RUN.

2020년 7월 9일

거래청산: 타겟 닿음

Half my profits booked. Sl moved to 2220. Letting my profits run now.

Cheers!