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...
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...
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. ...
** Trade Plan **
---------------
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 :...
Tcs has taken trendline support + previous resistance has been made a support zone.
If it breaks above 3555 then it looks good for the above marked targets.
RSI is at GOOD LEVELS
MACD is BULLISH
BUY ABOVE 3555
TARGETS ARE MARKED ABOVE IN THE CHART.
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish reversal from 100 SMA, which has acted as dynamic support in the past. Relative strength of TCS is more as compare to Nifty index.
SL: 3431
Only 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...
TCS 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%...
EXPLANATION: 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 .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
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 .
If you like this analysis...
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.
# 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...
![TCS: Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]](https://s3.tradingview.com/g/ggDc3pLO_mid.png "Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]")
![TCS: Simple Trade Setup | TCS | 13-12-2021 [ INTRADAY ]](https://s3.tradingview.com/3/3YwdRXA4_mid.png "Simple Trade Setup | TCS | 13-12-2021 [ INTRADAY ]")
