Hi everyone you have all seen TCS for past 5 to 6 days and it is going very down i think this is the reason
Symmetrical triangle pattern cmp is around support of ascending trend line bullish divergence on RSI with respect to price.
As shown in daily chart of tcs, wave E starts on upside making violation of red support line a false breakdown.
Infosys is near crucial support on daily chart. We can take a swing trade here. Entry We can go long after close of strong bullish candle near support zone. Target We can keep target as the next resistance zone as marked on chart. Stoploss We can keep stoploss below the support zone. Please Like & Follow me.
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although...
I think TCS is now in uptrend you can consider this. it forming HH-HL pattern it gives very low risk entry.
BPCL has given breakdown below the support zone on daily chart. Entry We can go short on next candle. Target We can keep target as the next support zone as marked on chart. Stoploss We can keep the stoploss above the support zone. Please like and follow me 🙏🏻
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A Detailed analysis of TCS for Medium term Hold (1-3 months): CMP 3558 The Chart has broken down the long-term resistance at 3485, however, the CUP formation is yet to be completed. Once the CUP is formed at 3815, which certainly is our first target, the Chart will show some correction and price action to complete the HANDLE formation as displayed in the chart....
✅ Price Test multiple time on daily and show a nice movement. And also price give false breakout {That a trap}. ✅ Now 3390-3446 Break and now price will come to retest the level and that a Grate opportunity for go long on TCS. ✅ But enter on a Proper Retest. ✅ If price not stop and go up then we have a 1 Hour resistance zone 3630-3666. on hourly price show Hevly...
TCS Daily has inverted head and shoulder breakout. Good to buy at 3529 for target of 4043 with sl below 3436
KINDLY EXECUTE ALL THE LEGS If you have understood the levels shown in the chart
TCS stuck in pattern, wait for breakout on daily closing basis. lines on the chart indicates target both upside and downside.
NSE:TCS At resistance level which was tested thrice and has now become weak…. Price finds support at 50% retracement level…. and showing formation of second bullish wave… NSE:CNXIT Index is also forming bullish pattern….
NSE:CNXIT Index is forming bullish pattern…. At resistance level which was tested thrice and has now become weak….also formed Cup & Handle pattern… if breaks the resistance level and sustain then can expect more upward momentum…
Cup and handle pattern formed in TCS in daily timeframe. can take a long position after a retest and follow proper sl on chart. sl is stop loss, t1 is target 1 and t2 is target 2. please manage quantity and follow proper sl.
As the name suggests, resistance is something which stops the price from rising further. The resistance level is a price point on the chart where traders expect maximum supply (in terms of selling) for the stock/index. The resistance level is always above the current market price. The likelihood of the price rising to the resistance level, consolidating,...