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TCS trade ideas

TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)). Price is about to complete the last move of the ending diagonal. It has created sub-waves 'i' and 'ii' of wave 5. The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'. Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops. Acceleration of wave (5) can give the move up to 4080 .
NSE:TCSLong
by forextidings
9
TCS Pre-emptive Cup and Handle Target 4600• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3% • Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame • Recent announcement of buy back at 4500/shares can support the momentum • Currently the stock is in formation of Cup and Handle patter on weekly chart, which expected to complete the pattern by March’22, after consolidation of ~7 months • Upward momentum is expected to pick up post Q4FY21 and stock is expected to rally till 4600+ levels in Q1FY22 to Q2FY22 One can pre-empt the handle formation of the pattern and enter in to long trade at CMP or on dips till 3625, for the target of 4600+ in next six months. If stock closes below 3600 on weekly basis, the view will get negated. ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************
NSE:TCSLong
by viralkadecha