Tcslong
TCS taking good support at the runaway gapTCS 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 be very strong at 2598 levels.
Please like and follow.
TCS : Long SetupNSE:TCS
Hi Traders,
TCS remained range-bound throughout month and it has started moving in upward direction with upward price channel.
Entry and target level on chart.
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TCS - Sky is the limitNote: This is for educational purpose only.
TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.
TCS | BUYThe stock of TCS is currently testing the support around ₹2,240 area. Incidentally, the support is made stronger by the rising trend line on the back of which the stock has bounced several times since April. Likewise, the stock can take support at this level and resume its uptrend in the forthcoming sessions. So, stay bullish.
TCS maybe breaking long term resistance TCS has been steadily increasing it’s business in the past few years even though it’s share price have not tracked a significant increase. The resistance level around the price range of 2200 and 2300 is crucial. Given the increase in volume of the past few weeks we can expect some action.
TCS Bullish Bat I hope you can now see how the TCS represents an excellent Bullish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
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 products 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.