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.
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TCS
TCS 15 Min ViewIn TCS we are seeing ascending triangle pattern. wait for the proper breakout, at the same time movement is not that much powerful, that's why we are seeing M PATTERN also, so wait for proper breakdown with volumn. This is just a view not a recommendation to trade. Trade at your own risk management.
Sell TCSSell TCS below 3133.45 with strict SL of 3184.60 for 1st Target of 3068.85 and 2nd target 3000.90.
#Reason behind the Sell is that the chart pattern and level, if we see on 1H Chart we can see there is Head and Shoulder pattern formed on hourly basis and all level according to the Head and Shoulder pattern are break down. Even the Stock tried to pullback itself in bullish rally but it failed, we can see the level of 3241.80 the stock came down form this level. if TCS break our all levels there is huge possibility it can test Fib .5 level which is 2782.10 there is lots of time for it.
Swing Time : 2 to 4 days
Please Note : We are not SEBI Registered advisor, ask your financial advisor before you invest. Trade as per your own risk and reward.
Thank You!!
Paytm exactly played my pointsEvery time i shared all the buying and selling zone of paytm and again you can check my previous analysis of paytm n compair it with this post. I shares quality analysis with you but not getting that appreciable support you can check and compair all my post you'll get it