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TCS : Price broken out of a consolidation range

Finally price jumped out of it's ongoing consolidation range of 2480-2645 & we expect price to move towards 2710 level of resistance in coming days. This upmove is possible to track using intraday timeframes of 5min or 15min but it'll be hard trading this move using longer timeframe like daily. 2686 is found is short term resistance where we can trail our stoploss to entry level once price moves there.

PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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August 13, 2015

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