This stock is trading in a bullish channel...
wait until price breaks this channel and gives us retest to sell...If price comes back again to top side will look for sell...keep looking for short..
- The Age of the Indian IT sector seems to be coming back, with NASDAQ:NDX gaining new momentum.
- This week was a good one for TCS
- It finally closed above its crucial resistance zone and the 3500 Mark
- It also broke the symmetric triangle formation, paving the way for future momentum.
-The next week will be crucial as the price spikes will sink in. The...
Tata Consultancy Services Ltd. is a leading global IT services, consulting and business solutions organization offering transformational as well as outsourcing services to global enterprises. The company has a global presence in multiple industry verticals and services consisting of consulting, integration, application services, digital transformation services,...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
NSE:TCS
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DYNAMATECH 4126
Open Targets and Open SL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is...
This stock has encountered persistent resistance within the 3460 range on multiple occasions. On the flip side, the price has consistently found support along a trendline, leading to upward movements.
It's advisable to maintain a bullish perspective as long as the price remains above this trendline. However, exercise caution, as...
TCS remains at a crucial resistance level. While a move to 3580 could trigger a bullish scenario, price below the level has a bearish touch.
This is only an idea. Any trade/Investment should be made with proper risk management only.
Interest rates are already turning over and should increase mortgage applications which should prove to be bullish for this stock. Tiny homes and container homes will gain in popularity during this time and I believe TCS will benefit greatly from the new trend.
Weekly RSI has bullish divergence going all the way back to Dec 2016 + the last year is showing huge...
observations::
facing resistance multiple times from this zone...3400 range...
if this range is broken will see a strong momentum towards upside is possible...
we have a trendline support as well...now price is at important level...
if price takes the help of trendline will be on buyside...keep track this levels...
3200 and 3400.
