TCS
TCS - Retest on charts, maybe !While Friday was really amazing, Nifty IT seems to touch it Max Limit trend line resistance. May be its imaginary and may be Nifty IT makes a new high and a new resistance but seems movement will come in other sectors after Nifty IT gets rejected at the red line.
Please see my Nifty IT analysis which I just posted on trading view - apparently, I cannot post link here (SAD)
So TCS made a fantastic move and what a classic chart pattern BO. It’s just when things are so obvious that too a weekend to give everyone time to think, smart money will do something smart.
One reason to go bullish is further lockdowns across the globe and focus back to IT and WFM but all that is factored in.
If the BO sustains, we are looking at quick 4000 + targets. I am not too convinced. I will focus on other sectors, Banks nahi chale hain bahut time se, may be banks ... who knows!
*I am a newbie trader, this is for pure educational purpose analysis, please trade your hard-earned money on a registered stock market opinion :)
WHAT TO DO WITH TCS SWING.See Everyone knows TCS. Good fundamentals and everything right. As I see many people are into swing of tcs from 3150 3185 levels.,
Question is what to do and how much to hold,
See the resistance is coming close,
I'd suggest to trail stoploss once it crosses 3330 with good bullish green candle.
Trail it to 3300 and hold.
If TCS reaches 3390, near last high, trail stop to 3330 levels, after the break of 3400 (if happens)
Trail it to 3350 and ride the upside breakout. After a good breakout trail every 50 points u get.
TCS 4Hrs Spot ChartHello Guys,
Wanted to post a video on this but could not due to busy schedule!!! My trades are based on Chart patterns and simple Price action analysis!!!
Okay!! This is TCS 4Hrs sopt chart and we got a breakout from the downward sloping trendline...again failure and a retest making higher lows and now breaking out of the broadning pattern the orange lines and yesterdays highs aswell making new highs today. Possible target for TCS is 3380 to 3415 an d much higher.
TCS - Looking for good upmoveon 15mins chart its making a pennant .. Up move can be expected for next day.
on days chart its making falling wedge with a breakout and retracement.. high chances of upmove. Add it to your watchlist.
Disclaimer: This is my own analysis.. Before trading make sure you analyse and take your financial advisor's help.