TCS, the leader of the IT pack, is in a nice uptrend. If we see a continuation of the bar formed today, we should be approaching 4000 odd levels in no time. One could initiate a trade keeping the following levels in mind.
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LONG ABOVE:...
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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EXPLANATION : This is a 15 Min time frame chart of TCS , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on TCS . If stock break the trend line we plan to short , downside levels marked in chart .
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# 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...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
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...
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...
