After a consolidation of around 6 months, TCS looks to break out of a ascending triangle pattern on the back of expectations of strong Q1 results.
TCS is forming cup and handle pattern, levles to watch - 3338 Breakout is only possible if markets supports it.
TCS looks extremely bullish for another few weeks. Good volume, price strength and momentum.
TCS closed near ATH resistance zone. Formation of ascending triangle can be seen here. Entry / SL levels mentioned on the chart. Trade as per your risk analysis. Cheers :)
TCS in a Daily chart a Big Chart pattern is made, this is make in the asending triangle pattern make, you can buy this this to 4-6 Month. Structure is Good i am Positive thiis Share. ( i am not SEBI Resigister,this stock present in my portfolio )
NSE:TCS can test it's 3300 resistance levels soon. Hopefully it is successful to break it this time. It will third time it's going to test these levels.
Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Ascending Triangle pattern 4. Flag & Pole formation 5. Support zone: 3117-3162 6. Target: 3482, 3644, 3828. Stop loss: 3100 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes...
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TCS is Good Level to BUY This Stock,the Stop Loss is 3100, The Structure is the positive, in Techanically it is possible to All Time High Level. You Can Buy when the Stock is Open Positive.
As we can see TCS is in Triangle pattern Will take the entry above 3146.00 For the targets of :- Target 1 :- 3200 Target 2 :- 3300 Target 3 :- 3325 STOP LOSS :- 3103 Take Entries & Exit as per Price Action only Always Follow Risk Reward Ratio & your Money Management ** Only for Educational Purposes PLEASE DO LIKE , COMMENT & FOLLOW US
TCS is all set to give a break out , enter after retest
In 2 hrs tym period v can observe Symmetrical Triangle Pattern
In 2 hrs time period we can observe Symmetrical Triangle Pattern NSE:TCS
TCS bullish breakout first target 3145. second target 3218