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TCS

TCS TRIPLE TOP PATTERN A triple top is formed by three peaks moving into the same area, with pullbacks in between. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support. A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above resistance (peaks). The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point. How a Triple Top Works The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows. After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside. The three consecutive peaks make the triple top visually similar to the head and shoulders pattern; however, in this case, the middle peak is nearly equal to the other peaks rather than being higher. The pattern is also similar to the double top pattern, when the price touches the resistance area twice, creating a pair of high points before falling.
NSE:TCSLong
by SATYAM5256
TATA STEELTata Steel Double Top Pattern the Amazing Moment. if Tata Steel break out this level and market stand in 1260 upside then we will be got 1300+ level few months Tata Steel is poised for the next phase of growth even as it continues to stay the course on deleveraging. Over the next five years, the average India capital expenditure is estimated at Rs 10,000-12,000 Crore per annum and that excludes potential acquisitions. As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22. Koushik Chatterjee, executive director and chief financial officer, Tata Steel, told investors on Tuesday that the company would continue to deleverage and make its balance sheet stronger in order to position for the next phase of growth. “This year, I can certainly say that it will be much more than our announced policy of $1 billion,” he said during the investor meet. The investor presentation mentioned that among FY22 deleveraging priorities, over $2 billion gross debt reduction and Prioritising offshore debt pre-payments. In the June quarter also, the company had made material repayments in the Singapore and European balance-sheets, said Chatterjee.
NSE:TATASTEELLong
by SATYAM5256
TCS Stock future prediction | Bearish IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks. TCS Future trade analysis. Buy at 3222, if it holds the level And trying to move upside then enter for targets 1 and 2 SELL BELOW 3222, And wait for targets 1 and 2 DISCLAIMER:- I Am Not SEBI Registered Analyst or financial adviser. All Post and Levels Posting Only For learning Purpose. Not Giving Any Recommendations For Trade. I'm Not Responsible For Your Any Kind Of Loss Or Profit. Before trading please consult with your financial advisor. No Claim, All Rights Reserved.‼️
NSE:TCS1!Short
by TradeWithAshu
Bearish Engulfing TCS A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. Bearish Engulfing Potential Sell Signal: Three ways for selling using the Bearish Engulfing Pattern from most aggressive to most conservative: 1. A Aggressive trader might sell at the close of candle 2. If there is a substantial increase in volume that accompanies the large move downward in price, a trader might view this as an even stronger indication to sell. Also, a trader might sell after the Bearish Engulfing Pattern occurs; by waiting until the next candle to sell, a trader is trying to verify that the bearish reversal pattern is for real and was not just a one candle occurrence. In the chart of TCS, trader would probably entered after the Bearish Engulfing Pattern because the selling continued. Usually trader’s wait for other signals, such as a price break below the upward support line (see: Resistance), before entering a sell order. However, in the case of TCS in chart, the Bearish Engulfing Pattern occurred at the same time as the trendline break below support. stay with me, learn with fun mcpriceaction
NSE:TCSEducation
by mcpriceaction
TCS Share Price Trend AnalysisTata Consultancy Services a part of Tata Group. It provides IT Services, Consulting & Business Solution to their Clients. As this is a well known name in the Industry so we will not discuss more about fundamental. In terms of technical analysis, we observed as chart pattern at 1D time frame which we called Ascending triangle. Ascending Triangle is a Bullish pattern & we think that TCS will be bullish in up coming days. So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning! Follow THE DECISIVE because WE HELP YOU TO DECIDE! To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us. This was just for educational purpose only & not recommending to BUY/SELL of any Script.
NSE:TCSLong
by The_Decisive