TCS: Results, Chart set up and trading strategy TCS
- the zone of 3385-3420 has played an important role for the stock
From charts we observe that
- it acted as resistance in June 2021
- provided support between Aug 2021 - May 2022
- With results round the corner, the stock is trading 4-5% below that level at 3277
Given the setup,
one may consider to sell TCS 28 July expiry 3400 Call option currently around 37
The strategy has a 6% yield potential and covers for a rise up to 3437 till expiry
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TCS
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.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
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






















