Simple Trade Setup | TCS | 13-04-2022 [INTRADAY]NSE:TCS
Observations:
1) On 1day time frame, we can see 3645 is immediate major support level.
And 3680-3700 is no trade zone. Above this zone it will be bullish and below this it will be bearish till 3645.
Breakdown of 3645 will lead it to more bearish.
Please refer below chart : 1day time frame.
2) On 1hr time frame, it is forming head and shoulder pattern, which is a bearish pattern.
Neckline we can consider at 3645 level only.
If this pattern gets active then we can see fall only on 3645 level breakdown.
But sometimes, pattern fails.
Please refer below chart : 1hr time frame.
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Trade Setup for 13-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
This is only for Intraday.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tcsanalysis
TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops.
Acceleration of wave (5) can give the move up to 4080 .
TCS GOING TO HIT AGAIN 4000 SOONOn the daily chart, the Share holds a major support level at 3750 with good volumes. If he holds it and momentum continues as per the chart then it going to test again at 4000 levels in the near future. Also, Rounding Curve is showing if he breaks level 3930 and holds it.
Short term target is 4000 from the current level
Long term target is 4200 in 6 months
TCS LongI hope you can now see how TCS represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
📊 TCS Swing Target Target 🎯NSE:TCS
As one can see, TCS heading towards Bearish Harmonic pattern's PRZ. If you find reversal, then only go for short. Actually we have given long view on TCS from current swing low now it's time to book that swing long trade. New short only initiate if you find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup | TCS | 30-12-2021[INTRADAY] NSE:TCS
Trade Setup for Date: 30-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 27-12-2021 [INTRADAY]NSE:TCS
All the levels and trade setup will be same as per previous.
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 24-12-2021[INTRADAY]NSE:TCS
Observations:
1) On 1day time frame,finally it closed above 3650 level and close out from the consolidation range.
We can see major breakout level now is at 3675 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 24-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]NSE:TCS
All the trade setup remains same as per previous one.
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 22-12-2021 [INTRADAY}NSE:TCS
Observations:
1) On 1day time frame, it closed above 100DMA.
100DMA is placed at 3598.37 level.
So range of 3590-3600 will be immediate support range.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that after earlier rise in December, it has been trading in range of 3530-3650 level range. Breakout of 3650 level will give good upmove.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 13-12-2021 [ INTRADAY ]NSE:TCS
Observations:
1) On 1day time frame, we can see that it took support from 50DMA and bounce from it.
50DMA is placed at 3581.36
Also interensting point is that most of all the major simple moving averange are in range of 3575-3585 level range.
We can say that 3575-3585 is major support range.
Please refer below chart : 1day Time Frame.
2)Also on 1 day time frame, we can see that it made perfect dubble bottom pattern and gave breakout of it and also took support from the breakout neck line of double bottom pattern.
Now major breakout level range is 3650-3660 level range. Sustainable breakout of this range will make it bullish.
Please refer below chart : 1day Time Frame.
3) On 15min time frame we can see that it is having support trendline.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
** Trading Idea in TCS **** Trade Plan **
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Setup :> Here there is a Pennant Pattern Forming . So be a Positional Trader in the stock.
Entry :> Should be done on the Closest or on the lower trendline . Price Range in the chart above.
Exit/ Target :> Possibly the nearest Support shown in the chart.
Stoploss :> Stoploss should be kept just above the upper tredline .
Risk : Reward. :> Very Good (1:3)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone .
TCSOnly for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of bullish candle pattern is seen in lower time frame like 30 minutes or in hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of last swing low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions.
Thanks.
Disclaimer.
I am not a sebi registered analyst
My studies are for educational purpose only
Please consult your financial advisor before trading or investing
I am not responsible for any type of your profit s and losses