TCS
TCS is Making Descending Triangle Pattern (Breakout Trade)Tata Consultancy Services Limited : Information Technology Consulting Company ( NSE:TCS ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
TCS : Long SetupNSE:TCS
Hi Traders,
TCS remained range-bound throughout month and it has started moving in upward direction with upward price channel.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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TCSTCS:- supper bullish upward channel follow buy zone 2100/2300 for target 2600₹ with sl 2180 clbs
#Disclaimer:-I just shared view for only educational purpose.
TCS in Correction Expecting a drop from 2500-2520; need to look for further confirmation. If rejects supports finds at 2250-2300 zone for next few trading sessions.
TCS - Rounding Bottom - May turn into Cup and Handle TCS has steadily formed Rounded bottom. However, it is tilted upward. I am unsure whether this still can be considered as an acceptable Rounding Bottom. Can someone please validate?
TCS seems to be bullish for next trading sessionHolding support at 2440; finds next resistance at 2510-2520, shorting only below support ,if only breaks with strong momentum in price.
BIG breakout in IT sector on weekly timeframe , big breakout on decade long trendline happened few weeks ago and its sustaining . so, strong possibilty of multiyear bull rally in stocks
UPTREND DOW THEORY IN TCS SPOTTCS SPOT is in strong uptrend. If this holds present support zone. It can rally up to 2450++.
View negated if create new LOWER LOW on Day Closing Basis.
Pattern formed at long time resistance 2300. Price at resistance levels 2300 and forming ascending triangle pattern. Expecting upside movement after breaking 2300 levels. Wait for it.
TCS LONGThe price has formed a bullish triangle pattern, and it seems like this may provide a good long opportunity.
Wait for a breakout above the hypotenuse of the triangle to go long. The target for the trade will be the previous high point @2357.
SL @ 2230.
TCS - Sky is the limitNote: This is for educational purpose only.
TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.
TCS is looking good above 2300If TCS will manage to hold 2290-2300 zone then in coming day it may test it's next Supply Zone @ 2390-2400.
Shriram Transport SRTRANSFIN LONG ? This is my personal view, do your own research before trading or investing.
