A morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day. Clearly,...
Tcs can take support around 2836 levels and make a move , short term (1 to 3 months ) .
NSE:TCS go long if find reversal at PRZ. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
AS SHOWN IN THE CHART, TCS BREACHED HANDLE OF "CUP" ! CANDLE REJECTION ON 3050 LEVEL !! POSSIBLE TARGETS: 1) 3150 2) 3300 Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
as we can see the resistance breakout retest done arund the level of 2920 and can see the trendline ehich is given resistance of 3.50% of breakout price around the level of 3000-3010 and immediate target is 2975-2980 with the buying level of 2940.
Reasons to LOOK for Buy: 1) Clearly in an uptrend. 2) In the pullback phase to hit the previous support zone. 3) Support zone contains 50% retracement line. 4) Price may also hit 20MA in the zone (thus considering 20MA as support) Look for buying opportunity in lower timeframe SL @2882 as per Risk. Position sizing as per Risk. TP @2980
as we can see there is trendline in TCS for Short Term of period
ROUNDING BOTTOM ON DAILY FRAME FRESH BUY ABOVE 2350-60 LEVEL FOR A TARGET 3150-3200 SIMILAR ROUNDING BOTTOM ON HOURLY CHART HOLDING FOR TARGET 2890 2842 CAN BE THE RESISTANCE LEVEL FOR 2890 TO COME BELOW IS ATTACHED HOURLY CHART
Note: This is for educational purpose only. There seems to be a cup & handle pattern which is a bullish continuation pattern.
Analysed levels mentioned on chart!!! Warm Regards, @MrAkshatP
Tcs has taken support @ 2600 and resistance @2740 Good time to take entry @ 200 dma in 4hr chart if break next entry level would be near 2600 can expect target of 2880
TCS has tested the runaway gap created multiple times and managed to get good support on the down side. On the up side however, it is finding it hard to break the trendline and is consolidating in the range. Please note that the volumes are also an indication that the consolidation is happening. NSE:TCS This is a good buy on dips stock. The support seems to...
TCS has shown a strong support at 2600 and is going in a strong uptrend with a sideways support. Buy for a target of 2830
Note: This is for educational purpose only. 21 EMA has acted as a dynamic support in the past. There seems to be a pullback to 21 EMA and formation of hammer. Moreover, there is increase in volume. RSI is at 58 which is nearing bullish zone.