Holding support at 2440; finds next resistance at 2510-2520, shorting only below support ,if only breaks with strong momentum in price.
Note: 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.
Price and date range on the chart.
The 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 had been resisting its supply zone 2200-2300 everytime whenever it comes near that but this time it is holding this level for last one month. If this level breaks we can witness new highs.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Note: This is for educational purpose only. Long bullish candle with high volume indicates probability of breakout. Let's see if price moves further up. RSI above indicates bullish momentum as well.
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 *************************** LOWER BREAKOUT~2038 FIRST TARGET~2026 INTERIM SUPPORT~2010 FINAL SUPPORT~1992 My views are for educational purposes only. Please trade with...
TREND ANALYSIS & TRADE SETUP Wave Analysis & Chart Pattern . Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 8-10 Times
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...
Levels mentioned in chart. Shared for educational purpose only.
TCS to end up move and show some downside levels of 2158-2097...wait for pullback to go short....respect risk
TCS seen in its exhaustion final move ...final push towards 2280 can be seen with a sharp downfall towards 2030 levels......Respect risk......happy trading
Bullish Flag pattern observed in TCS. Yesterday's candle confirmed the breakout and price could move to 2380 based on the pattern.
Explained in charts. One can go long with stop below 2030 on closing basis for target of prior high.