Tataconsultancy
TCS & Just Dial - Getting Ready for a Bull Run
After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock.
Subsequently, the stock entered a downtrend until the price found support near the 2,900 level.
Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level.
After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase.
If this breakout sustains, we may witness a further price rally in the coming days.
The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards.
After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards.
The stock price found support around the 520 level after a significant drop and started climbing.
An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal.
Following the breakout, the stock price moved upwards but faced resistance at a previous level.
After a brief pullback, the stock price successfully broke through the resistance and continued to climb.
TCS - Swing Trade - 22nd February #stocksTCS (1D TF) - Swing Trade Analysis given on 22nd Feb, 2024
Pattern: FALLING WEDGE
- 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
TCS Analysis & PredictionThis is the analysis of TCS in the Daily Time Frame. Watch carefully. The chart explains itself.
If it sustains above the previous resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TCS :
Tata Consultancy Services Ltd. is an information technology services, consulting, and business solutions organization. The firm offers a consulting-led, cognitive powered, portfolio of business, technology, and engineering services and solutions. It operates through the following segments: Banking, Financial Services, and Insurance; Manufacturing; Retail and Consumer Business; Communication; Media and Technology; and Others, such as energy, resources and utilities, life sciences and healthcare, s-governance, and products. The company was founded in April 1968 and is headquartered in Mumbai, India.
TCS Mid Term SwingBollinger burst , and price is going along side 3rd
deviation, our special indicator also showing break
out in day chart and it never misses trades.
it may try to retrace from current high but will take
support in short support and go long above 3558,
target-3823.
target above 3558 is 7.5% , SL will be 2.5 %.
TATA CONSULTANCY SERVICE MID TERM TO LONG TERM SWING#CONSULTANCY SERVICE Falling wedge pattern (down trend channel) breakout on weekly time frame, also posted good quarterly results, good fundamental stock. wait for retest.
BYU around 3260
TGT : 3430, 3600, 3835, 4043
SL : 3470 Daily closing basis
Disclaimer :
I am not 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 kinds of your profits and your losses.
TATA CONSULTANCY - Long-term TrendTATA CONSULTANCY - Long-term Trend Analysis
1. After several months of consolidation the long unwinding has been broken this month.
2. Another fall is for sure, but it may take several months.
3. If it falls 40% from its all-time high will be golden opportunity for the investors.
4. That is 2500... There are lot of supports in between but falling to 2500 is my wish.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Simple Trade Setup | TCS | 13-04-2022 [INTRADAY]NSE:TCS
Observations:
1) On 1day time frame, we can see 3645 is immediate major support level.
And 3680-3700 is no trade zone. Above this zone it will be bullish and below this it will be bearish till 3645.
Breakdown of 3645 will lead it to more bearish.
Please refer below chart : 1day time frame.
2) On 1hr time frame, it is forming head and shoulder pattern, which is a bearish pattern.
Neckline we can consider at 3645 level only.
If this pattern gets active then we can see fall only on 3645 level breakdown.
But sometimes, pattern fails.
Please refer below chart : 1hr time frame.
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Trade Setup for 13-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
This is only for Intraday.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops.
Acceleration of wave (5) can give the move up to 4080 .
📊 TCS Swing Target Target 🎯NSE:TCS
As one can see, TCS heading towards Bearish Harmonic pattern's PRZ. If you find reversal, then only go for short. Actually we have given long view on TCS from current swing low now it's time to book that swing long trade. New short only initiate if you find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup | TCS | 27-12-2021 [INTRADAY]NSE:TCS
All the levels and trade setup will be same as per previous.
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]NSE:TCS
All the trade setup remains same as per previous one.
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.