Long

TCS: FANTASY of FIBONACCI

NSE:TCS   TATA CONSULTANCY S
538 13
TCS: FANTASY of FIBONACCI

Some Fibonacci FACTS: (R => Retracement)
C = Fib R 0.701 of AB, (Median of 0.618 & 0.786)
D = Fib R 1.618 of AB
E = Fib R 0.771 of CD, (Near 0.786)
F = "Fib R 1.272 of CD" & "Fib R 1.93 (Near 2.0) of AB"
G = Fib R 0.84 of EF, (Near 0.886)

Projected "H" = 2768.25
F = "Fib R 1.13 of EF" & F = "Fib R 1.414 of CD"

Extended H = @ 2819 to @ 2855
"Fib R 2.272 of AB", "Fib R 1.618 of CD" & "Fib R 1.272 of AB"

Ext. H = @ 2819 to @ 2855
Projected "I" = #1. @ 2493.15 (Projected 0.618 Fib R of "GH"),
Projected "I" = #2. @ 2418.35 (Projected 0.786 Fib R of GH             )
If Two Condition Fulfilled.
Condition #1: "H" Must Reach to NEAR @ 2768.25
Condition #2: As Thumb Rule "HISTORY REPEATS".
If we see in Previous Three Instances,
ONE is "A-B-C", where C = Fib R 0.701 of AB, (Median of 0.618 & 0.786)
SECOND is "C-D-E", where E = Fib R 0.771of CD, (Near 0.786)
& THIRD is: "E-F-G", where G = Fib R 0.84 of EF, (Near 0.886)

Projected Extended "I" = @ 2373.85 (Projected 0.886 Fib R of "GH")

Though I use Point "G" on today's LOW @ 2325.50 ( Rs             . 2.40 Higher Than LOW of 30 th             JUN 2017)
for better configuration of the Chart.
Go LONG / BUY: Aggressive upto +0.50%
BEST LONG: HZ #1 & @ 2304.80 (Much Attractive Level)
SWING / Positional Levels Given Below:
RES (Weekly): Phase - I : @ 2348, @ 2357.95 -@ 2365 HZ #1), @ 2383.90, Phase - II : @ 2400, @ 2410 - @ 2417.6 (HZ #2), 2437
SUP (Weekly): @ 2316, @ 2306 - @ 2299 ( BZ             #1), @ 2280.
Clarification of Giving SUPPORT Levels:
as "G = Fib R 0.84 of EF," but Nearer Fib R Ratio is 0.886,
to Fulfill the Criteria STOCK may HIT @ 2304.80

FnO STRATEGY UPDATED LATER along with Intra / SWING / Positional Levels.

Needs LIKE for Motivation.

Disclaimer: Only For STUDY.
Daily Chart witnessing UP trend.

Achieved All TGT of mentioned "Phase - I" & TGT #1 of "Phase - II"
Trade closed: target reached: TILL MOW + 4.4%
"Is it is FANTASY !!!"
LTP: @ 2437 (In FUT) at 1.55 pm
Achieved All TGT of mentioned "Phase - II"
Comment: "FANTASY of Thumb Rule."
LTP: @ 2480 at 2 pm
VIEW Provided in WEEKEND @ 2331.
Watch correction LEVEL @ 2493.15.
(In Uptrend RES. & in DN Trend SUP)
Today Crossed & Now traded Just Below.
Going as expected. !!!!
RaMb0
Interesting, Thanks.
Good work bro. Seems to be a good fitment of the pattern.
Will be good to know if actual fits this prediction.
umangrdoshi
@umangrdoshi, Market is Place of Probability. We can predict using Techno-Fundamental Tools. To trap retailers or to create Panic may Trade nearer 2300 Level.
awesome bro.. Support Level Pretty Strong and i am Believe in History will repeat bcoz i m GOT Fan :)
srinivas_dee
@srinivas_dee, @pk29121976,Thanks, I have tried my best.
great observations n analysis
pk29121976
@pk29121976, Thanks.
Good study
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