TCS is looking weak post resusltsNSE:TCS might fall more and it can show 3k and 2900 levels if it breaks its support at 3100.
TCS trade ideas
Long TCS TCS currently trading at 3220 level, long position can be opened with the target price of 3400 with the stop loss of 3165 on closing basis.
2nd stoploss can be placed at 3100 levels on the closing basis.
If it breaks 3100 levels on daily closing basis then it will open target price of 2970 levels.
Volatility can be expected in the price as quarterly results are expected on 12apr so keep both long and short targets in mind with strict stop loss.
Please consider doing your own research before opening any trade.
TCS Forming Inverse Flag ahead of Q4 ResultsBearish Flag pattern in forming in the underlying ahead of important event being Quarter 4 Results. Let's see how it works out.
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TCS - Bullish Harmonic PatternTCS - Bullish Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
TCS- Swing/Breakdown TCS looks trending down to 2900-2950 levels where it had taken support twice earlier. 200WMA along with AVWAP from COVID lows will act as a strong barrier. A closing below this region will take this stock to a gap area of 2550-2600. Below this there is a strong support at 2300 levels. Looking at the kind of events who knows we may see this mouthwatering level.
There is also a swing trading opportunity at 2900 levels and unless 3575-3600 levels are taken out on a WCB we may see sideways action continuing between these levels.
SWING PICK: TCSTcs is reaching its major support in daily chart. It is the largest IT Company in india. Swing traders and investors could buy at this point.
TCSTCS 3160 below market tcs weak okh, buyer push tcs 3200 above but seller push again down see price rejection break 3160 more slide down side okh.
TCS Swing TradeTCS is near crucial support zone on daily chart. We can take swing trade here.
Entry:
We can go long after close of strong bullish candle near support zone.
Target:
We can keep the target near the next resistance zone as marked on chart.
Stoploss:
We can keep stoploss below the support zone.
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#Educational #IT #TCS - SHORT#TCS Looking bearish -
> Trendline breakdown.
> Volume Supported.
> IT Index showing weakness.
> RSI, no strength.
TCS - Harmonic AnalysisPotential Reciprocal AB=CD pattern.
Initial Targets of CD retracement of 0.382 and 0.5 are marked.
tcstcs 3200 levels + bearish trendline break create buy postion for intraday take price action dicission on intraday okh
TCS ANALYSISHi everyone you have all seen TCS for past 5 to 6 days and it is going very down i think this is the reason
I would still like to wait again hello folks,
As last time when I am discussing this chart I have mentioned that I am not interested in those levels and I will wait for price action to come in the zone and when it came back to that zone it just gave me simple retracement move to this zone now in coming weeks I will seriously wait to built up the price action for me and that will lead the market structure for me and how much time it will take to do that particular thing I literally don't know , but again the price comes in dicey zone and any further up move will again become selling opportunity for short sellers and this time if it slips from here then accumulation Zone will shift towards 2500-2700 at that moment will review this script further , and for up move for me being conservative person would like to have break my zone and retest it.
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TCS case studySymmetrical triangle pattern
cmp is around support of ascending trend line
bullish divergence on RSI with respect to price.
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.
TCS - long TCS has given a weekly inside candle breakout. Please follow the trade plan as per details available in charts
TCS E wave upwards startAs shown in daily chart of tcs, wave E starts on upside making violation of red support line a false breakdown.
TCS - H&S PATTERN NSE : TCS
1. major demand zone 3330-3400
2. Seems to be creating H&S
3. wait for breaking major demand Zone , H&S pattern down side go below 3330/3400
If Above all conditions work than tgt can be 2800/1800.
