TCS Price volume analysis TCS on daily chart is showing a horizontal breakdown of support, however as I read it -neither the breakdown candle didn't had much volumes nor there is any follow up volumes on subsequent days so far, infact the low of the breakdown candle is stil intact and possibility of this being a bear trap setup is higher in my opinion.
Keeping this in radar to see if there is any short covering which gets triggered
TCS
#Largecaps #HRITIK stocks Over last few weeks, there had been too many posts on SM which were shared about some of the large cap names which have provided zero return over last "x" many months.
That intrigued me to understand the concept of timewise correction.
The composite chart of major large cap of Nifty or as they say HRITIK (+few others) stocks suggest that they have gone through similar timewise correction cycle of of almost 26 weeks where they had provided zero return in back in 2015 to 2017 and from there on the did rallied significantly about 40-50% before showing any sign of major price correction.
The current pattern from 2021 to 2023 is also very similar to what happened back then, and the current weekly closing suggest a big breakout on weekly charts, Will these stock show similar move as they did back in past is only time can tell us but as they say history always repeats itself and also as someone said " Elephants, large caps, take their own time.
And, when they move, only astonishment is left .", So may be time is right for them to start leading the Indian Market
The composite chart contain below stocks in it.
HDFCBANK
RELIANCE
ICICIBANK
TCS
INFY
KOTAKBANK
ITC
AXISBANK
SBIN
TCS- RB or Cup formationTCS- On the process of forming a big cup in weekly. to complete the big cup it should break the parallel channel. To break the parallel channel, it formed a Rounding bottom in daily, the target of which is matching with the weekly cup top of 4039... 10 percent profit can be made in short term from the CMP.
Note: This is for educational purpose only.
Nifty ITOverview of Nifty IT index.
Nifty IT index trading at 52-Weeks high.
The Nifty IT Index tracks the performance of 10 Indian IT companies listed on the National Stock Exchange (NSE). It calculates values using the free float market capitalization method, starting with a base date of Jan 1, 1996, set at 1000. This indexing measures the total free float market value of the stocks relative to a specific base market capitalization value. Notably, the base value of the index was adjusted from 1000 to 100 on May 28, 2004.
Top 5 constituents by weightage
1. Infy - 26.77%
2. TCS - 24.9%
3. HCL Tech - 9.89%
4. Tech Mahindra - 8.86%
5. Wipro - 8.24%
View -
The ongoing surge in the Nifty IT index is expected to persist, driven primarily by major
players in the large-cap IT segment such as TCS, INFY, WIPRO, HCL TECH, and TECH
MAHINDRA. The favorable performance of NASDAQ, currently at its 52-week high, is likely to
have a positive impact on the broader IT sector.
Stock specific view ( Educational & Learning Purpose)
1. Infy heading towards 1620 level.
2. Wipro heading towards 480 level.
3. TCS heading towards 3850 & 4000 level.
4. TechM is on verge of breakout & will move towards 1500 level.
5. HCL tech is at all time high.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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12th Dec ’23 We have a change in stance today! Nifty PostMortemNifty Analysis
Recap from yesterday: “For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.”
4mts chart link - click here
Even though we had a gap up opening, the same did not sustain and the round of selling started by 10.07. The selling momentum did not pick up until 12.19 post which we fell almost 150pts. Although the final closing was at 20906, it ticked my checklist for the stance change. My view for tomorrow is neutral. Even BankNifty has a stance change today (will discuss that shortly).
A wolf dressed as sheep today was NiftyIT. INFY had a negative start as its ADR was down 3% after the news of CFO leaving. To compensate for that TCS was trading with super gains. This kept the NiftyIT index above water till 14.31.
Nifty IT 4mts chart link - click here
Then at 14.35 we had a good red candle that tipped the scale and guided Nifty50 to accelerate the fall. Why I said the wolf among the sheep is because NiftyIT retraced those points and ended the day flat. There was a 167pts ~ 0.5% recovery between 14.51 to 15.07. All eyes are on tomorrow if NiftyIT will go green or not. NiftyIT has played a good role in the recent rally of Nifty50.
63mts chart link - click here
Nifty can fall a lot more and still be in the uptrend. That is because we are well above the ascending channel. But from a real price action perspective, I have changed my ultra short-term stance to neutral now. To gain back the bullish momentum, Nifty has to close above 21037. To go bearish, Nifty has to fall below 20691.
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#If u Buy stock without stop loss that mean U are weak in Physiology
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How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
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Thanks for Watching🙏
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BANK NIFTY IMPORTANT LEVEL
WE BUY Call AND TARGET LEVEL IN VIDEO
45869 // 45788 // 45734 // 45613 // 45558 // 45488 // 45292 // 45158 // 44901 // 44796 // 55561 // 44410
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
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Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
How to trade in option market 💸🙏😊 👑Royal Trend👑
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Bajajfinance or BAJFINANCE Trade👑Royal Trade👑
BAJFINANCE IMPORTANT LEVEL
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
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Professional Trading 👑💸🙏🤑💲👑Royal Trend👑
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
TCS: Another Leg of Impulse is on the wayStock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower.
Stock is likely to fall towards 3300 and 3200 in the coming weeks.
Positional_ TCSKeep track of TCS as it may provide good positional trade opportunity.
Points to consider:
1. TCS is still in an uptrend considering Higher Highs and Higher Lows structure.
2. Double Top (indicated with black line) looks matter of concern. It will be selected as target.
3. SL, Entry and Target will be posted afterwards.
4. Trade will be cancelled if met with un-favorable risk-reward scenario.
Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes.
TCS intraday_ Looking for short opportunityI will go short when it opens gap down or flat at RETRACEMENT only.
Market is bearish it seems good opportunity considering sentiment.
Gap down scenario: Remember, reversals are either possible in 2 patterns (Head and Shoulders or "M"; or 2 red candles- 1 green candle (all near the resistance only)- SHORT at low of Green candle)
Investment_ TCSNamaste!
TCS has been one of the stocks which didn't corrected much in the "corona crash", dropping only similar to 30%.
The main reasons for this stability was:-
1. IT sector still offered it's employees a work from home opportunity, so it's business didn't affected that much.
2. TCS is the biggest company in the IT sector today, and it's share price has been very stable due to the fact that it didn't fell more than 30% since the year 2010.
3. So, again it fell 30% and it's price is trading near support level.
4. It's an very good investment opportunity, for the people who are very conservative in risk taking. Hence, they should not expect higher returns rather stability.
5. Investment price looks good at current price of Rs 3074.
6. More capital allocation can be done to this stock as compare to small and mid-cap due to the nature of stability. But not more than 20%.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
BANKNIFTY 16 NOV CALL TRADE 👑💲💸🤑👑Royal Trade👑
BANK NIFTY IMPORTANT LEVEL
WE BUY Call AND TARGET LEVEL IN VIDEO
45869 // 45788 // 45734 // 45613 // 45558 // 45488 // 45292 // 45158 // 44901 // 44796 // 55561 // 44410
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Banknifty 27 Oct Call Trade👑Royal Trade👑
BANK NIFTY IMPORTANT LEVEL
WE BUY Call AND TARGET LEVEL IN VIDEO
45869 // 45788 // 45734 // 45613 // 45558 // 45488 // 45292 // 45158 // 44901 // 44796 // 55561 // 44410
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Banknifty 26 oct Put Trade👑🤑💸💸👑Royal Trade👑
BANK NIFTY IMPORTANT LEVEL
WE BUY Put AND TARGET LEVEL IN VIDEO
45869 // 45788 // 45734 // 45613 // 45558 // 45488 // 45292 // 45158 // 44901 // 44796 // 55561 // 44410
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏