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TCS Breaks OutTCS Breaks Out of Inverse Head and Shoulders Pattern: Bullish Momentum Ahead Tata Consultancy Services (TCS) has formed a classic inverse head and shoulders pattern, a well-known bullish reversal indicator in technical analysis. This pattern typically signals a potential shift from a downtrend to an uptrend. The structure of the inverse head and shoulders pattern is characterized by three distinct troughs: the first and third being the shoulders, and the middle, deeper trough representing the head. The neckline, which connects the peaks between these troughs, serves as a key resistance level. Recently, TCS has successfully broken out above the neckline, confirming the bullish reversal. This breakout indicates a strong potential for further upside as the price momentum shifts in favor of the bulls. The breakout is often accompanied by an increase in volume, further validating the strength of the move. With the price now above the neckline, TCS could see a continuation of the uptrend. The measured move from the breakout can be estimated by projecting the height of the head from the neckline upwards, which suggests a significant upside target.
NSE:TCSLong
by indaytrading
TCS BULLISH VIEWTcs looking like bullish It is farmed head and shoulder pattern channel pattern also saying its moving up side circuit also re-tested 20 ema also good supported stops loss also very small results also good Entry @CMP Stop loss@3884 1st target@4120 2nd target@4250 so please keep TCS in your watchlist for short term investment. If you like my view, do support it with a boost which is valuable inspiration for me to post ideas like this in future. thank you friends! Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading.
NSE:TCSLong
by Ashokdyavan123
TCS Analysis & PredictionThis is the analysis of TCS in the Daily Time Frame. Watch carefully. The chart explains itself. If it sustains above the previous resistance level, it is good for the stock. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About TCS : Tata Consultancy Services Ltd. is an information technology services, consulting, and business solutions organization. The firm offers a consulting-led, cognitive powered, portfolio of business, technology, and engineering services and solutions. It operates through the following segments: Banking, Financial Services, and Insurance; Manufacturing; Retail and Consumer Business; Communication; Media and Technology; and Others, such as energy, resources and utilities, life sciences and healthcare, s-governance, and products. The company was founded in April 1968 and is headquartered in Mumbai, India.
NSE:TCSLong
by suraranjanganguli