Breakout candidate The stock is trading within a triangle pattern. We can see a bullish move near future.
Trade ideas
TCS VIEW
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✅All updates/posts/discussions are only for educational and learning purpose only
✅Do consult your financial advisor before taking any trades or investment and financial decisions
✅We are not SEBI registered
Tata consultancy services { TCS } About Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
TCS TRADING STRATEGY LONG TERMTCS on weekly chart looks good to plan a trade. Currently it is making a descending triangle pattern, testing the trendline for fourth time. We can anticipate a slow and steady breakout.
We can make an entry now STOP LOSS@ 3100 (5-6%), TARGET 1 is 3600, if the price holds 3600 level we can expect TARGET 2 at around 4000 zone, from thereon new ATH can form, this might take a bit of time so it is a long term strategy. OR just trail using 20/50 EMA.
2800-3000 is a strong support zone so if the breakout fails we can catch TCS in that zone.
TCS - CASHWe can buy TCS at current level and can expect targets of 3670-3090 with a stoploss at 3175-3155.
If breakout then trail stoploss.
TCS head & shoulder pattern on daily time frameTCS making head & shoulder pattern in DTF & if TCS close above 3140 then neglect H&S pattern. TCS following trendline support from 2020 so watch & trade carefully with stoploss
#TCSTCS Standing Tall After a No Overlap On weekly Basis
Strength Candle
Increasing Score
Enters Q2 RRG
Towards 3333
TCS This Stock has given a Breakdown of its Range.
Can go for Shorts with SL of 3250 - 3260
Views for Educational Purpose,
Kindly study before execution
TCS buy near 3160-3170 for 3280 targetWolfe wave structure expected.
Wait till price drops to 3160-3170 levels to buy for the target of 3280.
TCS at trendline supportTCS is on trendline support(at 3315-3325) and oversold on an hourly basis. Medium term hold with strict stop loss. Target in medium term should be around 3360.
Buy TCSRSI 60+
Making HH after making swing HL
3370-3400 level possible in short term.
Last Candle low is SL.
Rising Wedge pattern reversal in TCSTATA CONSULTANCY SERVICES
Key highlights: 💡
✅On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
✅ It can give movement upto the Reversal final target of below 3220-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3030-.
TCS Major buying setupTCS is making running flat in daily time frame and also running flat for entry purpose in hourly time frame, looks very good in terms for risk to reward, as you are getting entry as well directional pattern to trade, wait for break of c wave trend, and look to enter from there, keep stop below that breakout impulse, it can break the mentioned level making it as possible 9-10% of move, so good for positional trade.
TCS is overall bullish/ Dont fall for trapsthere is some retracement pending in some of the IT stocks like WIPRO , TCS . around 4-6 % retracement is pending then it is good to go for swing trading
waiting for the channel breakoutprice is moving in a downward channel after a long up move, waiting for the channel breakout to go long
TCS WTF Triangle Chart Pattern After analyzing TCS's stock, there are indications that a potential breakout may occur in the near future. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
TCS - Swing Trade || 22nd May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 22nd May, 2023 and its upcoming week
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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TCS Upmove expectedTCS is showing a W pattern
Also there is breakout above the resistance line (previously support) (yellow)
Upmove expected with a stop loss of 3216
Target is 3378
Targets could be further extended depending on the candle
#TCS IT sector company will survive it's BO or not!Stock has given BO with volume build up making double bottom or W pattern, follow chart for proper support and resistance levels.
TCS Weekly Chart looking for breakoutTCS following 80 Weeks cycle .... Rallied to 2x in 1st 80 Weeks cycle ... corrected for 80 Weeks ... now about to breakout.
IF breakouts above 3400 on Weekly closing basis we can see New ATH on TCS in coming 80 weeks -- Possibly 2x Value 7000+
Can be considered good long term Investment after Confirmed breakout.
Happy Investing
