RK_Charts

SUPPORT AND RESISTANCE WORKS VERY WELL - EDUCATIONAL PURPOSE

NSE:TCS   TATA CONSULTANCY S
Only for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of bullish candle pattern is seen in lower time frame like 30 minutes or in hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of last swing low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions. as per previous price action targets are mentioned and stop loss is also mentioned.
Thanks.

Support and resistance view

Parallel channel view along with 200 dema

Morning star candle pattern

Stop loss and targets are mentioned in chart

Disclaimer.
I am not a sebi registered analyst
My studies are for educational purpose only
Please consult your financial advisor before trading or investing
I am not responsible for any type of your profit s and losses

Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!