As the last analysis said ..... no buy signal above the red cloud box and the same box provided heavy resistance for the stock .... On lower TF still bullish and 200dema retested if the yellow small trendline broken with a power candle and moves thru the red box . on 15min TF . 2% positional tgt is activated with the SL being the low of the candle . Happy trading #TCS
You shall find this stock at 4100 by the end of this year.
Averoy_Apoorv_Analysis
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@kindPie, it might be possible but technically speaking, If it gives a good power candle breakout on weekly basis near its ATH then 3600 lvls will come in no time. :)
@Averoy_Apoorv_Analysis, Yes, By looking at charts, I had bought some share of TCS on Thursday. Can you suggest some target?
Averoy_Apoorv_Analysis
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@paragbhangale007, practically speaking I would say in the first impulsive bullish move it can give a 2% move above 3160 , if sustained then we will watch for a pattern or structure at 3250 lvls for trade no 2 in TCS, or if you are holding it then trail it as per your desire, If nifty approaches 15.2k lvls again, TCS might also test its ATH lvls once again where we will see our 3rd consolidation and potential 3rd trade initiation.