Schiff Pitchfork
Since TCS has already fallen below the 0.5 line of pitchfork
It is possible to touch the next level, blue line.
It is also possible for slight retest before breakdown.
Short Entry is possible below yesterday's low at 3385.
SL is at the Pitchfork 0.5 line at 3397.
Maximum target is higher at around 3290.
However, it has already fallen too much....
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 .
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# 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...
A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg...
AS PER THE CHART THERE IS A CHANCE OF TCS SWING TRADE
TCS IS TRADING BETWEEN THE ZONE FOR QUIT A LONG TIME
POSITIVE CROSSOVER ON MACD
ENTRY ARROUND 3190-3205
SL - BELOW 3110
TARGET - AT LEAST 3400( IF BREAKS ON THE UPPER SIDE OF THE RANGE TARGET MIGHT INCREASE AS WELL)
*# THIS IS NOT BUY/SELL CALL ITS MY OBSERVATION, PLEASE DO YOUR ANALYSAIS BEFORE TAKING ANY TRADE#*
IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks.
TCS Future trade analysis.
Buy at 3222, if it holds the level
And trying to move upside then enter
for targets 1 and 2
SELL...
