Tcstechnicalanalysis
WHATS NEXT FOR TCS | 3130 OR 3490?The stock has formed a bearish candle on a daily time-frame near its ATH and if it sustains below 3250 we may see 3130-3100 zone in the coming trading session. In case it breaks its ATH (3558-3570) zone, we may see 3490 levels.
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InvestPro India Team
TCS View for LONGAs 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
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TCS 15min for 11/05/2021THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
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TCS 2900 Again?TCS looks like forming a double top pattern and if it sustains below 21 MA then we may see 2900 odd levels. Breaking that level (2900-2880 zone) on the downside would confirm a double top pattern.
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InvestPro India Team
TCS Long.TCS was in a small channel for the last few days. The channel has been broken and restest is possible and then we can see an upmove
📊TCS short only if find reversalNSE:TCS
one can long till prz and if find reversal then only book that long.
TCS - Cup & Handle PatternNote: This is for educational purpose only.
There seems to be a cup & handle pattern which is a bullish continuation pattern.
TCS - Bullish Hammer post pullbackNote: 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.
TCS The Perfect Time to Book your Profits!!!
Upward Impulse complete and the correction forming is a Fat Correction where Wave A is complete B is almost complete;
Hence Wave C is yet to start and this is going to be a downward Impulse with 5 Waves and this correction ca retrace the Previous Impulse as much as 100% as per the rule of the Elliott Wave Theory;
So this is the time to book your profits;
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.
