Shall be adding position on TCS once LL LH structure gets broken due to:
1. Near CIP zone.
2. Channel support area.
3. RSI divergence
Please trade according to your knowledge. I am not a SEBI register expert. This is just for educational purposes
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...
Buy on every dips from here on with a SIP in TCS and many other IT sector stocks like INFY,HCLTECH as long term story of IT sector in INDIA is intact.
FOLLOW me for more such content ahead...Till then,
HAPPY TRADING :)
Only for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TCS has broken the EMAs after facing resistance at camarilla R3. Next support could be at Camarilla S3 level - 3,232 - which is around 250 pts below current close. Stock looks to be in clear bear zone with EMA levels lined up in reverse in support of a continued down move. It may be better to wait for the stock to take support and show strength before going long....
15 MINS 100 EMA @ 3530
SELL IF THE ZONE IS broken with selling volume .
If 3575 is broken with volume , we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary...
NIFTY 50 EOD ANALYSIS 15-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
EOD - +6.70 points / +0.04%
SGX Nifty 15-11-21...
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish reversal from 100 SMA, which has acted as dynamic support in the past. Relative strength of TCS is more as compare to Nifty index.
It is forming hammer near 20 EMA and took support from trendline.
Aggressive trader can buy from here as SL will be smaller and conservative trader can buy after confirmation on daily timeframe. On D TF if is breaking 20 EMA you can long conservative ones.