Intraday levels - 07 June 2021 - Price action
- Symmetrical triangle pattern shows
- Target marked in chart
Tcstrend
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
Always Follow Risk Reward Ratio & your Money Management
** Only for Educational Purposes
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TCS positional setup (Updated pattern) #letsMakeMoneyTogether As the last analysis said ..... no buy signal above the red cloud box and the same box provided heavy resistance for the stock .... On lower TF still bullish and 200dema retested if the yellow small trendline broken with a power candle and moves thru the red box . on 15min TF . 2% positional tgt is activated with the SL being the low of the candle .
Happy trading #TCS
TCS 15min for 11/05/2021THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
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, BUY opportunity @ 2920Reasons to LOOK for Buy:
1) Clearly in an uptrend.
2) In the pullback phase to hit the previous support zone.
3) Support zone contains 50% retracement line.
4) Price may also hit 20MA in the zone (thus considering 20MA as support)
Look for buying opportunity in lower timeframe
SL @2882 as per Risk.
Position sizing as per Risk.
TP @2980
TCS to make Cup and Handle to head higherDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
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 SHORT FOR INTRADAY
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
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;
Pattern formed at long time resistance 2300. Price at resistance levels 2300 and forming ascending triangle pattern. Expecting upside movement after breaking 2300 levels. Wait for it.
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.
