TCS - Swing Trade - 22nd February #stocks

TradeRyteStockz Updated   
TCS (1D TF) - Swing Trade Analysis given on 22nd Feb, 2024

- Pullback candle at Support - Done ✓
- Volume spike at Support - Done ✓
- Trendline Resistance Breakout - In Progress
- Retest & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #TCS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
Trade active:
TCS Update (as of 16th March, 2024)

✓ 5% in 14 Trading Sessions

- The Sector has been holding strong and TCS has been slow but consistent
- The last week has had a lot of ups and downs
- Our Target Level has almost been achieved
- Based on the Sector analysis, the Target for TCS has been slightly increased to 4345
- TSL or SL is Mandatory cause the market is all over the place
- Capital preservation is key
Trade active:
TCS Update (as of 18th March, 2024)

✓ 5.5 % in 15 Trading Sessions

- First Target Level has been achieved
- News to Support our Second Target Level has come in as well
- Logic is to get in earlier before the news comes out and book profits and exit before the crowd enters in FOMO
TCS Update (as of 22nd March, 2024)

- So after a long time I broke my Rules and held a position based on random news. Absolutely my fault !
- The stock price fell 9% from its record high of Rs.4254/-
- And I am holding in a 4.5% loss right now because I had entered at Rs.4100/-

What Triggered was:
- The 2.34Cr worth of Shares sell-off from TATA Sons initiated a gap down on 19th March
- And today (22nd March) the IT sector was a drag down nearly 3% down; but its pulled back to around a 2% down

- I am still holding through for my Targets; just that its going to take slightly longer than expected

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