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TCS

Will TCS again rebound from the support of the gap?TCS had created a runaway gap that it has managed to use as support to rebounce from multiple times as indicated in the chart. This time around, will it take support and bounce back as it did previously? Or will it break down? Keep this on radar. It could give opportunities on both sell and buy side. Like and Follow please :) As a trader, how would you treat this setup? Key in your inputs. For me, an option strategy can be used. NSE:TCS
NSE:TCSShort
by sankatradesindia
2
TCS - CHANNEL BREAKOUT - BULLISHNSE:TCS ON DAILY CHART HIGHER HIGH FORMATION IS CLEARLY VISIBLE & ALSO VOLUME IS ON HIGHER SIDE WHEN PRICE IS MOVING UP SUPPLY CAME IN ON 8TH OCTOBER WITH EXTREMELY HIGH VOLUME FOLLOWED BY SErIES OF WIDE RANGE BEARISH CANDLE.BUT VOLUME IS RELATIVELY LOW SUGGESTING IT MIGHT BE A RETRACEMENT ON 15 MIN CHART,LOWER LOW STRUCTURE WHICH FORMED OVERS PAST TWO WKS HAS BEEN BROKEN AND STARTING TO FORM HIGHER HIGH STRUCTURE BUT WE NEED VOLUME CONFIRMATION. ALSO FORMED A CHANNEL AND PRICE IS CURRENTLY TRADING NEAR CHANNEL TOP WHICH ACTS AS RESISTANCE IF PRICE BREAKS ABOVE CHANNEL TOP (RESISTANCE) WITH VOLUME EXPANSION,PRICE MIGHT MOVE TO NEXT RESISTANCE ZONE (2955-2980),WHERE PRICE MIGHT TEST THAT RESISTANCE LEVEL
NSE:TCS
by Arun_000
TCS - GAP FILLINGTCS coming back to fill the long created gap. Sell below : 2600 Target : 2555 Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:TCSShort
by FAHEEMSAM
4