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TCS

Bearish Corrective Trend in TCS Hi Traders This is an good opportunity for both buyers and sellers. As price is corrective than sellers can short sell here for quick profit. Investors can wait for the correction as they will get the buy the stocks as much cheaper price. Anyway as i said in the chart this is an corrective structure. Form the looks like it is an flat structure so its should fall to given price range and expect a bounce from that area. Anyway in present scnerio look for sell side as this correction is surely going to take some weeks to finish it. See weekly chart for more clear understanding of degree. Please do follow our charts with likes and comments. Let me know if you have anymore query Thank You Everyone * This is an weekly chart of TCS, in this you will sell an line near price 3000 which will work as a support for wave of D-4, It should not breach this level if it want to go up for wave D-5 * To learn how to read our neowave charts see below image
NSE:TCSShort
by Neowave-forecast
Simple Trade Setup | TCS | 13-04-2022 [INTRADAY]NSE:TCS Observations: 1) On 1day time frame, we can see 3645 is immediate major support level. And 3680-3700 is no trade zone. Above this zone it will be bullish and below this it will be bearish till 3645. Breakdown of 3645 will lead it to more bearish. Please refer below chart : 1day time frame. 2) On 1hr time frame, it is forming head and shoulder pattern, which is a bearish pattern. Neckline we can consider at 3645 level only. If this pattern gets active then we can see fall only on 3645 level breakdown. But sometimes, pattern fails. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for 13-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. This is only for Intraday. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:TCS
by Trading_hawk
TCSCurrently the stock has discounted 11% from all time high levels. TCS (Daily): 1. Stock has closed above 200 Days Exponential Moving Average 2. Increase in Buying Volumes since 3 days 3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support) 4. Formation of Double bottom pattern on a major demand zone (around 3400 levels) 5. Formed a Marubuzu candlestick pattern today View Point: 1. Looks Bullish Addl Points: 1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr. Notes: 1. The above analysis is just for educational purpose.
NSE:TCSLong
by deeptinseth
WHERE IS NIFTY IT HEADED ?Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5 constituents of cnxit. 1. INFY 2. TCS 3. HCLTECH 4. WIPRO 5. TECHM INFY I can spot LH LL formation in this and seems like it has had it's pullback and will continue to correct itself. TCS TCS has been following this support trendline for sometime and it can be taken into account that after double top tcs went for a pullback and again a low can be made near 3550 levels. HCLTECH HCLTECH is facing resistance from 1200 levels which is psychologically and technically a strong resistance level and now it seems like it's due a correction. WIPRO Took a bounce from the demand zone but is still below the 200 ma and flip level. TECHM Techm looks like that it is sitting on a crucial level and the next few candles can give us a sense of direction. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times. These are just my views and I am not a SEBI registered analyst so consult your advisor before taking any trades.
NSE:CNXIT
by this_is_shoaib
1
TCS Rockets In Preparation For Liftoff To 4000+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 reduce risk is through t railing stops. Acceleration of wave (5) can give the move up to 4080 .
NSE:TCSLong
by forextidings
9
TCS Pre-emptive Cup and Handle Target 4600• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3% • Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame • Recent announcement of buy back at 4500/shares can support the momentum • Currently the stock is in formation of Cup and Handle patter on weekly chart, which expected to complete the pattern by March’22, after consolidation of ~7 months • Upward momentum is expected to pick up post Q4FY21 and stock is expected to rally till 4600+ levels in Q1FY22 to Q2FY22 One can pre-empt the handle formation of the pattern and enter in to long trade at CMP or on dips till 3625, for the target of 4600+ in next six months. If stock closes below 3600 on weekly basis, the view will get negated. ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************
NSE:TCSLong
by viralkadecha