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krishnakrizz07
Jul 21, 2021 10:56 AM

TCS Technical Analysis for august expiry (LONG) Long

TATA CONSULTANCY SNSE

Description

So last 3 weeks tcs was on bearish mode , even when nifty reached new highs tcs was still on bearish mode , but we all knew that it was not gonna be like that for a long time as soon as nifty fell 384 points from its high, tcs tested its 3150 support instantly it went up by 60 points with a hr even though nifty was falling and all other stocks were on bearish mode, now that my dear friend is the power of price action and the trend , it exactly respected the 3150 support zone and went up by 60+ points , so for august view the target will be 3300-3400 if these levels are broken we can expect to even test 3700 and keeping stop loss at 3150-3180 is a good risk reward strategy.


Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose

Comment

well well looks like our next target upside might be 3500-3700 ;) by this month end
Comments
bsmakwana1992
banknifty apka analysis ekdam perfect he bhai... me apko follow kiya ekdam perfect level chalta he....
krishnakrizz07
@bsmakwana1992, thank you bhai , will post more soon just busy with other works
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