TCS

Entry at 9:30


1. Breakout from Triangle so taking an entry at the price 3430 with 75qty

2. Also, price is above the previous day's high which indicates potential uptrend.

3. Target is 2nd resistance line i.e .3503.50.

4. Stop loss is just few points below the black line inside the triangle i.e. 3341.50


Update at 10:05 :


Since the price is above the previous day's high, we can expect potential uptrend, and for now buyers are consolidating their strength, but if it goes below it, then we have to consider it as reversal of trend.



Update at 11:05 :


 

1. Since the price has come below the previous day's high, it is likely that it will get stuck in range bound of previous day's range so made an exit at 3386.85. 

2. Loss - (3386.85 - 3430 ) * 75 = (3236.25 )


Update at 11:40 :



I will take re-entry if it crosses the line plotted above .

Update at 11:55 :



1. Price went above the line which I plotted earlier so taking an entry with 75 qty at the price 3412.30

2. This time target is just 1st resistance line since I have identified another resistance line before the 2nd one.


Update at 1:25 

1. Exit at 3408.50 because it looks like price is struggling to go down. Instead of waiting for miracle to happen with pure expectation it is better to accept and exit.

2. Loss - ( 3408.50 - 3412.30 ) * 75 = (285)

Total Loss = (3521.25)