tcs has touched its bottom, as you can clearly see in the chart.
i have even said about macd which is also saying to go bullish.
previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up.
tcs consists of about 25% of nifty it.
TARGET- 3800, TAKE A LONG SWING TRADE.
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Long above 3166, Keep trailing profits as per the resistances mentioned. SL - 3120
Short Below 3128, Keep trailing profits as the supports mentioned. SL - 3170
One can also do scalping with the help of support and resistances mentioned.
NOTE: Please wait for the market to settle down once it opens. Don't just jump into any trade without understanding the trend
Hello traders,
India's Biggest IT company- TCS is a great stock for long term. Stock's behaviour is good for trading. Currently TCS trading on weekly support. It can be bounce back from here. We will get buy side entry on this stock(with great risk reward ).Levels and logic behind the trade explained on the chart.
Buy above:3645
Keep...
There are two cases for TCS on HTF!
Case -1
Right now it broke downtrend and retested 0.382 fibo level nicely if it broke then we will retest 0.236 fibo level or else we will see any time reverse from these two levels!
Case-2
As we can see that it is forming inverse H&S and sitting on top of 2nd shoulder if it will reverse from there and breaks the Neckline then...
IF ITS CROSS THE UPPER TRADELINE WE SHOULD GO BULLISH trade and next is low tradeline break than we are going to down side trade.
have a great day to all thank you
TCS currently at the bottom of a crucial zone. It can give a good move either side.
If it breaks down expected target can be around 3100.
If reverses from this zone one can expect a target of 4050+
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any...
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
An obvious flag and pole pattern in TCS on 15 mint time frame.
On breakout it can give a minimum target of 4050
Buy onlu after a breakout and carry the position if it closes above 4053 on daily basis.
After missing the estimates in the second quarter, it took a healthy correction of almost 18% from the high and currently very near to 200DMA point which will be acting as a support for the stock, It is a high time for adding the stock in the portfolio after such a healthy correction for the above mentioned target with given stop loss.
Tcs Looking Very Strong Near Day Support Zone 3390 - 3350
Strong Reversal Seen In Tcs After Retest Previous Breakout
Tcs Big Buying Opportunity Cmp 3490 - 3500 Spot
Stop Loss Below 3350
Target 3900 4200 4500 +++
Current price swing of TCS has already retraced 61.8% Fibonacci levels. Also RSI is near 30 indicating oversold position. Start accumulating it at the range 3360-3400.
Stock Analysis: TCS has formed falling channel it is good buy now with below demand level as stop loss for the target given on the chart.
lets' see
Happy Investing!
