TCS giving a breakout TCS giving a breakout from rising triangle pattern, wait for confirmation and take entry (This is only for educational purpose #dyor #nfa)
Tcstrend
TCS: Breakout of a Rising Wedge FormationTCS gave a fresh breakout of a Rising Wedge Formation in the daily chart with the spike in volume.
TCS Technical Analysis for august expiry (LONG)So last 3 weeks tcs was on bearish mode , even when nifty reached new highs tcs was still on bearish mode , but we all knew that it was not gonna be like that for a long time as soon as nifty fell 384 points from its high, tcs tested its 3150 support instantly it went up by 60 points with a hr even though nifty was falling and all other stocks were on bearish mode, now that my dear friend is the power of price action and the trend , it exactly respected the 3150 support zone and went up by 60+ points , so for august view the target will be 3300-3400 if these levels are broken we can expect to even test 3700 and keeping stop loss at 3150-3180 is a good risk reward strategy.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose
TCS (Swing)TCS broke a good pattern with great volume , can find a good entry here for a positional trade, ENTRY 3460, STOP LOSS 3297, TARGET 3700
TCS: Rising wedge breakdown?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 downwards.
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The pattern which has formed resembles a rising wedge and price seems to be breaking down from it. The bearish volume on the latest bar is also above average. It is possible that the downward momentum may continue further for some time.
The 20 and the 50 EMA which act as support during an uptrend also seem to be reversing their roles. They are exactly from where price is reacting to the downside, so they may be turning into resistance.
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Price could see a correction to the round figure level of about 3000. A positional short could be initiated if price sustains below the "SHORT BELOW" level for 15 minutes.
SHORT BELOW: 3162
STOP LOSS: 3223
TARGET 1: 3106
TARGET 2: 3045
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Plan your trade and manage risk properly.
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TCS LEVELS DAILY TIME FRAMETCS ON DAILY TF IS FOLLOWING A TREND FROM MANY DAYS, IS NOW AGAIN CAME ON SAME TREND LINE AND AGAIN STARTED ITS UPWARD JOURNEY.
ALSO, THERE IS A LOWER SIDE REJECTION FORM 50MA.
Swing trade∘ Trade activated taking 200 EMA + trend line Support
∘ SL below Ema & target all time high .
Rising Wedge pattern in weekly chart of TCSProbable scenario:- The rising wedge pattern is a probable sign of a strong bearish movement. In the case of TCS, if the price doesn't hold the support line it might go bearish . If the price doesn't find immediate support while retracing it might go for a strong bearish move.
Alternate Scenario:- If the price breakouts the resistance level and holds that position for some period then the strong bullish trend might continue which is less probable to happen.
Probable scenario: Alternate Scenario = 70 : 30
Buy TCS TARGET 3380Buy TCS target 3380 because it is on support it will jump back from support to resistance
TCS for 05.07.2021understanding trades through support and resistance.
trade will remain void if opens big gap down or gap up.
Breakout on the daily chart of TCSWelcome to coinology. NSE:TCS is giving breakout on its daily chart. You can see positive divergence on the RSI. Go for long on TCS Daily chart target up to 40-50%, with a stop loss of that previous support line.
TCS Long: Intermediate- to longer-term view of Script.NSE:TCS TCS seems bullish after more than 6 month price consolidation below 3356 now after forming double bottom pattern in daily timeframe its seems bullish for intermediate term..also prime staying above 50 SMA for month..so according this duoble bottom pattern it may go up. buy above 3400..stoploss 3245 n target 3700 for near term...risk reward around 1:1.8
* this analysis only for education purpose n dont trade according to it.consult ur financial advisor before taking any trade. am not resonsible for any risk of trade.
TCS - LongTCS - Long
Breakout - Spinning Top Candle formed in 4 hr time frame
Ready for New Heights
Invest & Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
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TCS ViewTCS has given a bullish candle with above average volume.
Breaking the inclined trend line will give good bullish targets
TCS Buy IdeaTCS is fundamentally good company and with Q1 results on 8 July we may witness good buying oppurtunity if it breaks 3350 line.
TCS BREAKOUTTCS is forming cup and handle pattern, levles to watch - 3338
Breakout is only possible if markets supports it.
