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TCS

Indices gain and close higher, are bulls in control?NIFTY 50 EOD ANALYSIS 23-12-21 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. O 17066.80 H 17118.65 L 17015.55 C 17072.60 EOD +117.15 points / +0.69% SGX Nifty 23-12-21 @ 1855 = +23 FII DII = + Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a gap-up of 100 points and as usual, there was a mini sell-off. It then bounced back from above 17000 and then made attempts to cross 17100 but met with resistance and then faded. This time it moved closer to 17000 but again found support and crossed 17100 but the customary 1300h selling coupled with expiry day volatility ensured that it remained volatile and finally ended well below 17100. The overall movement was range bound within 100+ points, however, the India Vix gives a different view as it has fallen. Nifty and Bank Nifty have made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 671 Top 5 Draggers contributed = 14 Net = +53 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 151 Top 3 Draggers contributed = 27 Net = +124 POSITIVES Bank Nifty and Nifty together have closed above key psycho levels of 35000 and 17000 respectively. Bajaj twins have chosen to be the lifters today and the bounce back in HDFC and Kotak Bank is a good sight as these two have remained under pressure for the last few days. Infosys has closed at a new ATH and has helped Nifty in the last few sessions. NEGATIVES Reliance, HDFC Bank and ICICI Bank ended in the red despite the overall positivity. Their inability to sustain at higher levels is not a good sign for the bulls. Higher levels in Indices appear to be attracting sellers. TRADING RANGE FOR 23 DEC 21 Nifty support = 16700-800 revised upwards considering the fact the low for the day was above 17000. Nifty resistance = 17100-200-260-300 Bank Nifty Support = 34500-800 Bank Nifty resistance = 35500-700-800 INSIGHTS / OBSERVATIONS Nifty OHLC above 17000 and Bank Nifty OHLC above 35000. This is refreshingly different and a positive sign. The key is to end the week in this manner. Even though the indices have ended up, the extent of movement is not wide enough as compared to yesterday. This could either mean that the indices are consolidating on the way up or are facing hard resistance at higher levels. We have experienced many times that the indices tend to give a feeling that they are unstable but then end up moving up higher over a period of a few days leaving many retailers who may be waiting for the right opportunity. That is why it is best to keep partially adding to the portfolio holdings at good levels. 1 There is a sudden spike in the Covid cases in Mumbai and that is not a good sign. This along with Omicron cases may weigh in on the indices should the situation worsen. It is better to be cautious for now. What do you feel about this? Here is the link to the video: Thank you, and Happy Money Making! Umesh 23-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | TCS | 24-12-2021[INTRADAY]NSE:TCS Observations: 1) On 1day time frame,finally it closed above 3650 level and close out from the consolidation range. We can see major breakout level now is at 3675 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 24-12-2021 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. 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
4
Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]NSE:TCS All the trade setup remains same as per previous one. Trade Setup for Date: 23-12-2021 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. 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
Simple Trade Setup | TCS | 22-12-2021 [INTRADAY}NSE:TCS Observations: 1) On 1day time frame, it closed above 100DMA. 100DMA is placed at 3598.37 level. So range of 3590-3600 will be immediate support range. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see that after earlier rise in December, it has been trading in range of 3530-3650 level range. Breakout of 3650 level will give good upmove. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 22-12-2021 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. 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
TCS - Bullish Structure after consolidation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:TCSLong
by TradewithAditya
#BANKNIFTY SWING OR INTRADAY TRADE#we will make only profit. 1st 1 hour RSI on Bottom. 2nd If you Use Indicator MACD so 15 or 30 min try to Enter in a Bullish Zone. 3rd I Just follow Trend Line or Support . 4th Set your Stop loss 35510.00 or Jetna aap Dane ko Ready ho. 5th If Today Market Start Gap Down or Can't Take Support Don't DO Any Trade. 6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS #If you need any help comment or message me.
NSE:BANKNIFTY
by UnknownUnicorn22712522
7
Will Nifty end the week below 17000? NIFTY 50 EOD ANALYSIS 15-12-21 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. O 17323.65 H 17351.20 L 17192.20 C 17221.40 EOD -103.50 points / -0.60% SGX Nifty 15-12-21 @ 1930h = Flat FII DII = -2,354 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and as usual, it was sold in to and heavily as it breached 17200 as well. It then managed to recover well but hit an intraday resistance around 17280 and fell back again closer to 17200. It yet again bounced back and this time made a desperate attempt to retest the previou close which failed and then it fell almost 100 points to end below 17250. It was a very choppy day yet again. In the process, Nifty has made yet another lower high and yet another lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 58 Net = -44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 24 Top 3 Draggers contributed = 159 Net = -135 POSITIVES Kotak Bank looks good and ended up 1%+ amidst intense pressure. NEGATIVES Reliance yet again ended below 2400 and this is going to weigh a lot on Nifty performance. India Vix has gone up. HDFC Bank is unable to sustain 1500+ levels. HDFC gets hammered upon every rise. IT big heads were under extreme selling pressure. Bank Nifty ended below the important level of 36800 and Nifty well below 17300. Net FII DII numbers are more than -2,000 Crores. TRADING RANGE FOR 15 Dec 21 Nifty Support = In view of the continued selling pressure, I move down the supports to 17050-100. Should this break, 16750-850 may open up as a support. Nifty resistance = 17300-380-400-450-500. Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37000-200-500-700 INSIGHTS / OBSERVATIONS Just because FTSE was in the red, our indices were made to fall in the last 45 minutes or so. This is what I could gather as the fall came from around key potential breakout levels that could have changed the color of the EOD prices. I have a feeling of course based on my readings that whenever indices end the session near day's low, they tend to bounce back the following day. Let's see how it unfolds tomorrow. The last time Bank Nifty made a low at or above 37000 was on 25 Nov - so much is the negativity being experienced by the index. Tomorrow is the weekly expiry so either has the potential to register a low above 37K or simply fall further. Even though Bank Nifty has ended below 36800, as mentioned in my weekly analysis, Bank Nifty is outperforming Nifty for now as for Nfty, the pressure is oncoming from HDFC, Reliance and now from the IT big heads. What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 15-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | TCS | 13-12-2021 [ INTRADAY ]NSE:TCS Observations: 1) On 1day time frame, we can see that it took support from 50DMA and bounce from it. 50DMA is placed at 3581.36 Also interensting point is that most of all the major simple moving averange are in range of 3575-3585 level range. We can say that 3575-3585 is major support range. Please refer below chart : 1day Time Frame. 2)Also on 1 day time frame, we can see that it made perfect dubble bottom pattern and gave breakout of it and also took support from the breakout neck line of double bottom pattern. Now major breakout level range is 3650-3660 level range. Sustainable breakout of this range will make it bullish. Please refer below chart : 1day Time Frame. 3) On 15min time frame we can see that it is having support trendline. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 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. 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
10
** Trading Idea in TCS **** Trade Plan ** --------------- Setup :> Here there is a Pennant Pattern Forming . So be a Positional Trader in the stock. Entry :> Should be done on the Closest or on the lower trendline . Price Range in the chart above. Exit/ Target :> Possibly the nearest Support shown in the chart. Stoploss :> Stoploss should be kept just above the upper tredline . Risk : Reward. :> Very Good (1:3) Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only. The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone .
NSE:TCSShort
by Shruti_Advisory
** NIFTY IT index outlook for the next few months **Hello Traders., Today its 9 Dec evening.. We have found a descending triangle just at the top of the rally in the NIFTY IT index. And the Triangle is going to break. Two things to watch out from here.. i) Firstly a huge momentum will be followed in the IT stocks when the triangle pattern breaks either on the upside or on the downside, ii) Secondly the trend will be set and always follow the trend . So please be careful in the investments that you take in the IT index stocks. It's not long that we might see a good correction or a positive upside in the IT stocks . I am not saying you to short or be long the IT stocks tomorrow but the Outlook is a terrifying . So please have a look. Time will say everything. Have patience.
NSE:CNXIT
by Shruti_Advisory
TCS 100% Profit Trade🤑#we will make only profit. 1st Today starting 45 min market Go up than its a strong chance we can achieve 2 Target but if any Bad News came than TCS achieve 1 Target . 2nd If you know Price action than se its a breakout But Not confirm Now. 3rd Today will be Clear we go up or Down. 4th All MACD try to be Enter in a bearish Zone. 5th stop loss jetna aap dene ko Ready ho 6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS #If you need any help comment or message me.
NSE:TCS
by UnknownUnicorn22712522
1