It is just an idea that TCS will start upward move in couple of days.
If breakout happen then it can go up very sharply, the consolidation near major resistance looks very promissing my view is bullish
The stock has formed a bearish candle on a daily time-frame near its ATH and if it sustains below 3250 we may see 3130-3100 zone in the coming trading session. In case it breaks its ATH (3558-3570) zone, we may see 3490 levels. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Date: 22 June 2021 Cup and Handle pattern.
Levels for 22 June 2021 trade are mentioned clearly.
TCS is fundamentally good company and with Q1 results on 8 July we may witness good buying oppurtunity if it breaks 3350 line.
Price trying to close above the resistance level for the 3rd time. Add the stock to your watch list.
#tcs #tringlepatten Triangle PATTERN complete in TCS Happy LEARNING
TCS is forming cup and handle pattern, levles to watch - 3338 Breakout is only possible if markets supports it.
The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
TCS looks extremely bullish for another few weeks. Good volume, price strength and momentum.
TCS closed near ATH resistance zone. Formation of ascending triangle can be seen here. Entry / SL levels mentioned on the chart. Trade as per your risk analysis. Cheers :)