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peace_lover

TCS BULLISH DIVERGENCE TRADE SIGNAL - BUY

Long
TATA CONSULTANCY S (NSE:TCS)  
peace_lover Updated   
NSE:TCS   TATA CONSULTANCY S
Trend Analysis Chart Patterns Moving Averages breakout bullishpattern Technical Analysis trading head_and_shoulder moving_average Trend Line Break
7
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trendanalysis chartpattern movingaverage breakout bullishpattern technicalanalysis trading head_and_shoulder moving_average trendlinebreak
(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement

(b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger

(c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected & had tested a few days ago

(d) All these above mentioned patterns are indicating that tcs is ready for a ride upwards
Trade closed: target reached:
Although i initially failed to notice but there had been Double Bottom formed on the daily chart and its TP was till the high formed on 29th may, hence TP has been reached and trade closed
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