TATA CONSULTANCY SERV LTD
Long

TCS POSITIONAL LONG TRADE

480
https://www.tradingview.com/x/cDofBIZ9/

Here is the valid Source and its Destination which has violated its opposite Supply;

https://www.tradingview.com/x/ufrbXHPm/

This is the Demand & Supply Equilibrium Curve according to the Fresh Demand and Supply available.

We have further sub-divided the Curve into 5 areas; considering we as traders are supposed to buy low and sell high where is high and how low can it get; these areas give us an understanding about the Price position as per the Curve.

https://www.tradingview.com/x/OGUFlCL2/

Price has come into the Demand making Lower Lows and then after reacting to the Weekly Demand Price has violated a previous High; which shows a possibility of Buyers upping their game vs the available sellers.

snapshot

Finally we have a Demand formed in 45 mins which is the first Demand formed after Price has reacted to the Weekly Demand and we have a Buying momentum confirmation hence this is a Buy Trade favourable reward to risk ratio

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