Tataconsultancy
TCS | Descending Triangle / Range Trading Swing Trading opportunity ! Weekly Chart Alert !
Enter on lower time frame after breakout 🎯
Lot Size =300
Target = 2878
Stop-loss = 2576
1) Descending Triangle and Range trading can be done
2) Parallel channel Formation
3) Support zone is 2249-2299
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TCS - Sky is the limitNote: This is for educational purpose only.
TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.
TCS | BUYThe stock of TCS is currently testing the support around ₹2,240 area. Incidentally, the support is made stronger by the rising trend line on the back of which the stock has bounced several times since April. Likewise, the stock can take support at this level and resume its uptrend in the forthcoming sessions. So, stay bullish.
TCS KEY LEVELS SUPPORT AND RESISTANCE INTRADAY(04/06)/SWING Key Levels for TCS : INTRADAY AND POSITIONAL VIEW
UPPER BREAKOUT~2055
FIRST TARGET~2067
INTERIM RESISTANCE~2079
FINAL RESISTANCE~2093
POSITIONAL TARGET OF 2130 IF TRENDLINE DOES NOT GETS BROKEN
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LOWER BREAKOUT~2038
FIRST TARGET~2026
INTERIM SUPPORT~2010
FINAL SUPPORT~1992
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
TATA Consultancy Services (TCS) Trading Strategy-1 This Trading Strategy is for TATA Consultancy Services ( TCS ) which is traded on National Stock Exchange (India).
The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice.
The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade.
I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 6 months.
Period : 20/08/2019 to 06/03/2020.
Points = 1244.
No. of trades = 78
Profit Factor = 2.497
Sharpe Ratio = 0.025
It is non-repainting indicator and uses @version=4.
For free trial, send me a private message in order to access this script as this Invite Only script.
Thanks © allanster for Date Range functionality script.
Disclaimer: This script/strategy is for educational and information purpose only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.