Rising wedge formation in TCS. Details in the graph itself.
TCS Weekly Chart Analysis *Not an investment advice just my views*
∘ Trade activated taking 200 EMA + trend line Support ∘ SL below Ema & target all time high .
NSE:TCS is showing respecting trend line.
One can go long with the stop loss mentioned in the chart
Probable scenario:- The rising wedge pattern is a probable sign of a strong bearish movement. In the case of TCS, if the price doesn't hold the support line it might go bearish . If the price doesn't find immediate support while retracing it might go for a strong bearish move. Alternate Scenario:- If the price breakouts the resistance level and holds that...
TCS for july expiry could be between 3150 to 3300. Can be bought near 3150..!!
TCS might show upside move if it takes support of the trendline drawn on the chart. (for educational purpose only)
TCS will test S1 and then should give a upward trend. Important resistance levels - 3288 and 3400. PS: For educational purposes only. ***** Kindly consider following me for more analysis *****
TCS (D):- CMP 3217, LOOKS GOOD FOR 3400/3500++, Invalid BELOW 3150 1) RSI HIDDEN DIVERGENCE :) 2) Bullish Candlestick
IF closes with a strong bullish candle. It would be a great RR trade. #Positional
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...
As per me, TCS has taken support at 3174 today and on this weekly chart, by the end of this week, hammer formation expected. lets see and if not right this than, support will be near r4, which will be 3140+
Tata 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...
Some serious selling is seen in NSE:TCS for the last few days. Specially on Friday, selling was seen with good volumes. Today selling could be due to dividends.