Tcsanalysis
TCS looks bullish above 3550 - Swing tradeTCS double bottom pattern over the Trendline where it had a breakout. Swing traders can plan SL below the TL swing low.
TCS Long swing tradePrice is on the uptrend line and strong support. Perfect swing trade with favourable risk: reward.
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
TCSTCS was definitely a surprise for its loyal investors even though it was having not so annoying quarterly results.
Now let’s focus on what’s next. I carefully went through the chart adding some important parameters. Let me share the findings with you.
On 26th Feb TCS closed 3.37% Down with a huge volume spike at 5.53M, RSI was 33.12.
On 9th July TCS closed 1.55% Down with a huge volume spike at 6.365M, RSI was 41.53
Today TCS closed 6.35% Down with volume at surprising 11.845M, RSI at 43.18
When I drew a trend line connecting the RSI’s it touches almost perfectly, the 14 day RSI and the trend line has been plotted below portion of the chart.
On 26th Feb the stock reversed upwards right away. But during 9th July the stock consolidated for 2 weeks and reversed upwards after RSI touched a low of 38.72 on closing basis.
Current scenario is TCS fell with a heavy volume, the low was made at Resistance acting as Support line (Mark the black horizontal line 3657), and RSI trend line indicates a support zone is here nearby. So there are two probabilities the stock may move upwards right away or after some consolidation, but this is definitely an accumulation zone.One can wait for reversal signs before starting to accumulate. I have tried to justify by using my minimum knowledge that why one should be still bullish on TCS.
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Chart & Analysis – ADARSH DEY
Swing SetupEXPLANATION: This is a 2 hour time frame chart of TCS . The stock has been in a uptrend for days and has formed head and shoulders pattern. If stock give a strong breakdown and broke its demand zone with volumes and retested the same. I am bearish on TCS .
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Levels for - 22 Sep 2021 EXPLANATION : This is a 15 Min time frame chart of TCS , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on TCS . If stock break the trend line we plan to short , downside levels marked in chart .
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TCS asper CYCLES Tcs seems to be going to hit Top around 3969- 4010 Range
Interested can sell if you get that level
Target 3600
TCS for intraday In a smaller timeframe, TCS has given a breakout of rising wedge pattern and it may give some retracement and start with its up move. So we can keep it on the watch list for intraday if not for Wednesday then for Thursday.
TCS RISING WEDGE PATTERN BREAKOUTTCS is at all time high and also gave a good breakout from the pattern.
# TCS FOR AUG-2021 PROFITE TIME👑🤑🤑# WE WILL MAKE ONLY PROFIT💲💲💲
# If you ask me can i buy TCS CALL(CE) i can't agree with you for some time.
# if you want to play safe than some days only buy put(PE)
# TCS already OVERBOUGHT that's mean perfect time to but put(PE)
# if you want 100% perfect time to buy put(PE) watch 4 hour MACD and wait to enter in Downtrend
# If you want to buy TCS than buy put with next week Expire.
# This is my opinion.
IF YOU HAVE ANY PROBLEM OR NEED ANY HELP THAN COMMENT OR MESSAGE ME.
TCS - High Probablity trade - Upto 20% UpsideSelf Explanatory Chart. This is a volatility contraction pattern.
Can expect a minimum of 20 % upside for such heavy-weight stock in Nifty.
TCS - Bullish breakout from channel pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
TCS breakout - Stage 2 Advance TCS confirmed breakout on weekly closing basis.
- Breakout after good consolidation zone.
- Stock in Stage 2 continuation uptrend.
- Giving a good opportunity to add.
Only for educational purpose. Not a recommendation.
TCS for a swingTCS has given a breakout of a good trendline with a strong move and volume. It can give a good target as IT sector is also looking good.
COMMENT down your views.
TCS GOOD LONG CANDIDATETcs spot cmp 3190
ascending triangle pattern formation
over sold on all time smaller time frames
bullish cross over in hourly and 240 mins time frame
bullish divergence of rsi and macd
bullish engulfing pattern formation
good long candidate for new life time high,,,
TCS SWINGAS PER THE CHART THERE IS A CHANCE OF TCS SWING TRADE
TCS IS TRADING BETWEEN THE ZONE FOR QUIT A LONG TIME
POSITIVE CROSSOVER ON MACD
ENTRY ARROUND 3190-3205
SL - BELOW 3110
TARGET - AT LEAST 3400( IF BREAKS ON THE UPPER SIDE OF THE RANGE TARGET MIGHT INCREASE AS WELL)
*# THIS IS NOT BUY/SELL CALL ITS MY OBSERVATION, PLEASE DO YOUR ANALYSAIS BEFORE TAKING ANY TRADE#*
TCS Wedge Pattern- Go Long- Possible BreakoutsThe Following Chart is of TCS, Which Shows Possible short term reversals and Possible Breakouts on the Stronger Resistance Level @3418 which itself is gonna be out 1st Target, If it breaks this level then expect a strong uptrend. Hold Long.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Money making swing tradeTCS on daily chart is taking proper support at its previous support. We can see a pullback from 3200 levels.
