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TCS

TCS Breakout with Ascending Triangle ?My idea about TCS is clearly visible in Chart. You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout. We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend. Upper horizontal trend line is resistance line, you can see the Flat Highs. This two trend line forming a pattern known as Ascending Triangle Pattern. So what to do now? Where to take entry? The answer is simple. We will wait for a breakout. Whenever the stock price breaks the Upper horizontal trendline (resistance). We can take entry after a confirmation candle. For short term or positional as per your preference. But my recommendation is for long term. Technically you can find your target with a simple calculation. See in chart, I have measured the distance from resistance to first Low. A - B = 158.80 Add 158.80 in resistance line price 158.80 + 3164.20 = 3323 We can expect Target near 3323. also you can see this target is near to the resistance from previous highs. Stock is IT sector leader. Fundamentally strong. Performance is consistently increasing. Nifty 50 stock. Also listed in foreign market. Can we expect a Bull run ? What do you think ? This is my personal view. I am neither sebi registered nor stock market expert. You do your own analysis. I am not responsible for any Profit or Loss.
NSE:TCSLong
by AmeyKajarekar
2
TCS on an upward moveNearly all major stocks in NIFTY & NIFTY JR are going through a Wave (4) correction. It makes me wonder Elliott waves help forecast there's going to be some trigger or an event, which perhaps no other forecast tool is able to. I say this because TCS is going through a correction phase since last week of Jan'21. Most banking stocks terminated wave (3) and commenced correction since 16-Feb. That's about the same time when the second wave of COVID hit Maharashtra and then within weeks it has become a national calamity. Isn't it telling something..?? A triangle pattern is not always known in advance because is uses up time. One has to wait for price action to unfold to be able to confirm that the correction is indeed a triangle. TCS increasingly appears to be tracing a barrier triangle (outer line flat, inner line sloping towards larger trend). We will know it for 100% in next few days as price action unfolds. If TCS stock price were not to be a triangle pattern at this time, I would have expected a brisk fall in the price downward instead of weakly bouncing back. So, TCS is very likely tracing a triangle. Suggested course of action I think it's a risk worth taking as the upside is considerable, if TCS continues to move ahead in wave (d) in the coming days, which at this point in time is highly probable. It's good time to go long with a short to medium term perspective and exit when the price hits the region marked (d) level. Caveat: Should TCS careen downwards in next few days retracing back below the level marked as (c), then the triangle hypothesis is invalidated. In that case, we close our position, take a small hit and watch out for the next move. (I would circle back in that case with an update).
NSE:TCSLong
by Yadunath
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL#TATAMETALI TATAMETALI CMP: 1055.70 Target: 1300++ May Hold if longer time frame planned. Stoploss: 897 (on close price basis) Time Frame: Less than 3 months. Factors: Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Higher Highs & Higher Lows. Breakout above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. High Revenue High Cash flow Asset Quality Good. Earnings report & quality strong EPS Positive Risk Return Ratio is healthy. And Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout. The stock has given a all time high breakout. Potential to reach high further.
TLong
by Rachit_Sethia
TCS where from now 2845 or 3350 ?Daily Chart Pattern on long time trade line Support But on Short time frame Make LH LL Formation Best buy for long either buy on dip at 2850 or buy above on 3165 For Intraday if open Gap Down below 3000 we can short and target will be 2950 and 2930 and 2880 I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
NSE:TCSLong
by CapitalGain360