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Tcstrend

TCS - Daily TF - Long TermHarmonic - 1. Potential Bullish butterfly pattern on daily TF. 2. Testing critical support/demand zone. If this is broken Tgts 3219, 3126 Elliott wave - 1. Irregular ABC correction is ongoing. 2. Currently, testing 0.618 retracements of B wave, if this gets broken elongated C is confirmed. First target 3151 and 1-1.236 projection of A and B wave. 3. If there is a retracement from the current demand zone, we can see the upward leg of further correction or impulse.
NSE:TCS
by KunalSaxena10
TCS LONG TERM PLANNING A Detailed analysis of TCS for Medium term Hold (1-3 months): CMP 3558 The Chart has broken down the long-term resistance at 3485, however, the CUP formation is yet to be completed. Once the CUP is formed at 3815, which certainly is our first target, the Chart will show some correction and price action to complete the HANDLE formation as displayed in the chart. Once we see the price action after completion of CUP & HANDLE formation, we are ready for a long-term hold. We can have 3 resistance level and two entry levels as our targets as detailed in the chart. The chart is accompanied by GOLDEN CROSS OVER. Please boost, as it motivates and is the payback to my hard work for new traders.
NSE:TCSLong
by chakraveer1104
TCS Stock Reaching Resistance - Time to Short SellTCS Short Selling Recommendation Introduction: This report aims to provide a technical analysis of the TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: TCS is an Indian multinational information technology services and consulting company that is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The TCS stock has been in an uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level. The stock has been trading around 3423.10 levels, and a breakdown above this level could signal a short-term trend reversal. The technical indicators are also pointing to a potential short selling opportunity. The Relative Strength Index (RSI) has been trending higher, and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the stock has reached a resistance level and is showing signs of a potential reversal with bearish cand formation. Recommendation: Based on the analysis above, we recommend short selling the TCS stock if it breaks above 3423.10 levels, with a stop loss of 3469.25. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. The target 1 is 3377.00 and target 2 is 3337.30. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions and always consult a financial advisor before taking any action. Conclusion: In conclusion, the TCS stock appears to be reaching a resistance level, and technical indicators suggest a potential short-term trend reversal. Therefore, short selling the TCS stock if it breaks above 3423.10 levels with a stop loss of 3469.25 and target 1 of 3377.00 and target 2 of 3337.30 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:TCSShort
by EntryandExit
Technical Indicators Reveal TCS Short Selling OpportunitiesIntroduction: This report aims to provide a technical analysis of TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements. Background: Tata Consultancy Services Limited (TCS) is a leading Indian multinational information technology (IT) service and consulting company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The TCS stock has been in a strong uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level. The stock has been trading in a range between 3396 and 3413, and a breakdown below 3396 could signal a short-term trend reversal. The technical indicators are also pointing to a potential sell-off. The Relative Strength Index (RSI) has been trending lower and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the stock has reached a strong resistance level and is showing signs of a potential reversal, with bearish cand formation. Recommendation: Based on the analysis above, we recommend short selling TCS stock around 3396 levels, with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. However, it's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. Conclusion: In conclusion, TCS stock appears to be reaching a resistance level and may be due for a short-term pullback. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, short selling TCS stock around 3396 levels with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term. It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action.
NSE:TCSShort
by EntryandExit
TCS - Short Term BuyTCS - NSE:TCS - Short Term BUY TCS (Tata Consultancy Limited) has been falling since last few days due to agressive selling in market . it has fallen from levels of 3300 in recent week. I Guess the impact of results has given good oppurtunity to enter this stock for short term . Kindly trade with Stoploss mentioned on chat to avoid any unfortunate trap in markets . My Recent Buy/Sell Setup analysis on few stocks has been attached to Related Ideas below . Happy Hunting , Chintamani :)
NSE:TCSLong
by Chintamoney
Simple Trade Setup | TCS | 13-04-2022 [INTRADAY]NSE:TCS Observations: 1) On 1day time frame, we can see 3645 is immediate major support level. And 3680-3700 is no trade zone. Above this zone it will be bullish and below this it will be bearish till 3645. Breakdown of 3645 will lead it to more bearish. Please refer below chart : 1day time frame. 2) On 1hr time frame, it is forming head and shoulder pattern, which is a bearish pattern. Neckline we can consider at 3645 level only. If this pattern gets active then we can see fall only on 3645 level breakdown. But sometimes, pattern fails. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for 13-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. This is only for Intraday. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:TCS
by Trading_hawk
TCSCurrently the stock has discounted 11% from all time high levels. TCS (Daily): 1. Stock has closed above 200 Days Exponential Moving Average 2. Increase in Buying Volumes since 3 days 3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support) 4. Formation of Double bottom pattern on a major demand zone (around 3400 levels) 5. Formed a Marubuzu candlestick pattern today View Point: 1. Looks Bullish Addl Points: 1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr. Notes: 1. The above analysis is just for educational purpose.
NSE:TCSLong
by deeptinseth