>Currently forming a flat top pattern and support is only 1% away >A buy position can be initiated for a target of 3700 in mid term
Entry will be based on Monday's price action around this zone. SL and target levels mentioned.
Observations from TCS Chart: 1. Formation of an ascending triangle 2. A reversal from lower line is hinted by RSI divergence under formation. 3. Currently at lower price which has high risk to reward ratio. 4. Accumulate upto 3165. Set SL below 3150. Target 3750+ Right information at right time is the key..!!
If NSE:TCS gives closing below 50 DEMA then can show 3180 levels soon. It has broken it's support around 3225. Let's see what happens in the second half session.
NSE:TCS has declared results today and came as per market's expectations. TCS is making higher lows that shows it's in uptrend. Some profit booking has been seen in the last few trading sessions though.
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...
Buy TCS target 3380 because it is on support it will jump back from support to resistance
Profit booking is seen in NSE:TCS today as well. It's been happening for the last 4-5 trading sessions.
tcs chart analysis for intraday and swing trading
There is some weakness visible in NSE:TCS for the last 4-5 trading sessions. If it closes below it's 20 DEMA then it can crack more and drop down to 3250-3260.
TCS is forming a cup and handle pattern and has shown strength on the retest of the breakout Only concern is the volumes is not supporting SL 3240 (3%) Target 3830 (15%) Keep this on your radar
understanding trades through support and resistance. trade will remain void if opens big gap down or gap up.
TCS looking strong near breakout. Add upto 3300
NSE:TCS is trying to go our of it's selling zone and stay in upper 3350 levels. Today it has again broken that selling zone and trading above that but with low volumes. If it goes out of this selling zone decisively then this selling zone will become support for it.
Tata 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...
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