TCS Bank: Uptrend is About to Continue This Year
According to the EW symmetry rules, the TCS price is expected to touch its previous all-time high value, which is at 19.76. The last 5th wave whcih is likely to begin right now, shows exactly this target.
After the price reaches the target, a longer term correction is expected. But there is another possible scenario: if it breaks ATH and holds above it, then we may see an extension of the 5th wave with possible targets way higher than 19-20.
Please be careful right now. Despite the fact that the uptrend looks pretty strong, I'm not 100% sure that the 5th wave has already begun now. There is still a possibility of retest of 8-9 level. Also, please note that there is a 0.618 Fibonacci resistance at 12.4 which is not broken yet (the price is currenctly below it).
Once the price jumps above 12.4 and holds there, there will be a good trade opportunity: buy at 13 and sell at 19. Don't forget to place proper stops and you will be fine.
I think the top is near, unless it makes new all-time high and holds above