TCS next moveTCS next move
CMP has triggered on demand area if its powerful demand we can expect a next target of 4600 and above
if its breaks bellow 41200 we can expect 3950 near by
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Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
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Tcs-chart
TCS Swing TradeHello Traders,
As we all know Pharma, IT, FMCG is driving the market right now.
As the sector is bullish, just keep an eye on TCS about to make Fresh Highs.
Volume confirmation seen on Last 2 hours of Friday session.
Once breaks above resistance plan for a swing trade with LOW RISK & HIGH REWARD.
Educational Purpose Only
Thank You
Prince
Technical Indicators Reveal TCS Short Selling OpportunitiesIntroduction:
This report aims to provide a technical analysis of TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements.
Background:
Tata Consultancy Services Limited (TCS) is a leading Indian multinational information technology (IT) service and consulting company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The TCS stock has been in a strong uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level. The stock has been trading in a range between 3396 and 3413, and a breakdown below 3396 could signal a short-term trend reversal.
The technical indicators are also pointing to a potential sell-off. The Relative Strength Index (RSI) has been trending lower and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum.
Furthermore, price action on the chart shows that the stock has reached a strong resistance level and is showing signs of a potential reversal, with bearish cand formation.
Recommendation:
Based on the analysis above, we recommend short selling TCS stock around 3396 levels, with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back.
However, it's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns.
Conclusion:
In conclusion, TCS stock appears to be reaching a resistance level and may be due for a short-term pullback. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, short selling TCS stock around 3396 levels with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action.
Swing SetupEXPLANATION: This is a 2 hour time frame chart of TCS . The stock has been in a uptrend for days and has formed head and shoulders pattern. If stock give a strong breakdown and broke its demand zone with volumes and retested the same. I am bearish on TCS .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Levels for - 22 Sep 2021 EXPLANATION : This is a 15 Min time frame chart of TCS , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on TCS . If stock break the trend line we plan to short , downside levels marked in chart .
If you like this analysis of Stock give a Thumbs up // Like , let me know in comments below :)
TCS - Bullish breakout from channel pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
TCS Long: Intermediate- to longer-term view of Script.NSE:TCS TCS seems bullish after more than 6 month price consolidation below 3356 now after forming double bottom pattern in daily timeframe its seems bullish for intermediate term..also prime staying above 50 SMA for month..so according this duoble bottom pattern it may go up. buy above 3400..stoploss 3245 n target 3700 for near term...risk reward around 1:1.8
* this analysis only for education purpose n dont trade according to it.consult ur financial advisor before taking any trade. am not resonsible for any risk of trade.
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.
Stock Attraction of traders:The stock momentum is slanting up-direction.
It break the direction with heavy volume.
At present stock is gaining the buyers volume.
Buyers are attracting in the present scenario.
But there is a strong resistance near the price.
In the conclusion I will say that because of the heavy volume Stock can break the resistance and go up.
But traders can not Deny also the Strong Resistance . So wait and watch.