TCS Support LevelTCS spotted on Support Level
Keep watch Nifty IT Indices and Plan correct entry.In weekly time frame it shows Support.I may consolidate and give huge move.
Buy on Dips and sell on rise
TCS trade ideas
be rigid in your rules and flexible in your expectationsmake entries based on where the risk to reward ratio is minimum and favourable
Amazing all-in-one chart !!The above chart is of TCS on 15 min TF.
The chart has formed various patterns and shows the price action after successful completion of the pattern. Hope rarely we can found a chart which exhibits most of the patterns in a single chart.
Here are some of the patterns which i was able to identify:
(A) Bullish flag pattern:
After recognizing and marking the pattern on chart, longs can be considered on breakout above the upper trendline of the flag, with proper SL favoring atleast 1:2 RR.
(B) EW Counts (Although i am not good at EW analysis, have managed to mark some primary/corrective counts on chart):
After recognizing and marking the counts (1-2) on chart, longs can be considered on breakout above the high of (1) candle, with proper SL favoring atleast 1:2 RR.
(c) Head and Shoulder pattern:
After recognizing and marking the pattern on chart, short position can be considered on price closing below the neckline, again with proper SL favoring atleast 1:2 RR.
(D) Bearish Inverted Flag pattern:
After recognizing and marking the pattern on chart, short position can be considered on breakdown below the lower trendline of the flag, with proper SL favoring atleast 1:2 RR.
(E) EW corrective count:
After recognizing and marking the counts (a-b) on chart, short position can be considered on price closing below the low of (a) point, with proper SL favoring atleast 1:2 RR.
(F) Symmetrical triangle:
After recognizing and marking the pattern on chart, longs can be considered on breakout above the upper trendline of the triangle, with proper SL favoring atleast 1:2 RR.
Most of us have paid penalties/fine to the market for making mistakes.
The objective of this chart is to show some simple and interesting pattern formations and price action after successful completion of the pattern. One should try to learn atleast few simple patterns, which will help to avoid or atleast minimize the penalties that we pay to the market :).
Identifying such patterns on higher TF, say daily/weekly chart, and trading them with proper SL would reep good returns over long term trade.
Hope the above chart was useful with the information provided.
Happy Investing !
TCS- Next support after 250pts downsideTCS has broken the EMAs after facing resistance at camarilla R3. Next support could be at Camarilla S3 level - 3,232 - which is around 250 pts below current close. Stock looks to be in clear bear zone with EMA levels lined up in reverse in support of a continued down move. It may be better to wait for the stock to take support and show strength before going long. Current repulsion from R3 suggests a short trade could be the way to go. Is there a catalyst that can reverse the slide...let us find out in the next few trading sessions.
tcs chart ready for good targettcs analysis after multiple timeframe insights. its almost near to trend reversal breakout and. only enter if markets opens with red in monday . and enter with proper stoploss as mentioned in chart .
TCS TRENDING IS CHANGINGThe price is going down by making lower lows and
Now the price is break the lower low pattern and start moving
Up by crossing 50 day sma on hourly time frame
Wait for price rejection and closing above 50 sma and go for swing trade until it cross below 50 Sma
The price may break down and the next support level
Be patience and learn from ur mistake
TCS LOOKING GOOD Hello everyone hope you all are doing well so i have came across TCS and i have found so many things which are very good and i thing TCS is getting ready for the next pump.
so, as we can see that TCS has been consolidating for the quit a while and on the smaller time frame we are seeing the INVERSE H&S i would recommend buying one it break and close about the INVERSE H&S. And i am talking about daily close and wait for the retest of 3500 level for going long .so the
BUY ABOVE 3500 WITH THE SL OF 3430
1ST TG : 3600
2ST TG : 3680
TCS Intraday Trading Set up 1 - S&R + EMAs15 MINS 100 EMA @ 3530
SELL IF THE ZONE IS broken with selling volume .
If 3575 is broken with volume , we will see more upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
TCS - Parallel ChannelNSE:TCS
TCS took support from lower end of Channel in 3400 range.
Buy at CMP or 3500 range for a target of around 4000.
Stop loss 3450.
TCS SWING CALL (clear support and resistance)As per analysis TCS showing good swing opportunity. TCS was trading in an parallel channel, now price is near by support, after touching support with inverted hammer and formed reverse double bottom. fib retracement shows it was a good retracement, so price can go up to the same length of fib retracement .
assume resistance in 50 sma, between 3800-3900, and 4000,and 4200-4300 .resistance can also assume as target. need to cautious at these levels. SL as between 3340-3390(support recently taken).
for study purpose only.
TCS is at his support levelIn a big time frame, it seems that TCS is at his Support level, from where we can get a good Risk reward ratio.
TCS analysisTCS making a gud reversal and breaking out w pattern and near 200d EMA.
see the charts for levels.
Inverse Head & ShouldersInverse Head & Shoulders pattern forms in TCS after a long bearish trend. it indicates the end of the bearish phase and the onset of an uptrend. After a breakout in this stock, take long positions. Target should be around @ Rs.3650 and set Stop loss @ Rs.3485/-
TCS - Support and bullish reversalNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish reversal from 100 SMA, which has acted as dynamic support in the past. Relative strength of TCS is more as compare to Nifty index.
SL: 3431
TCS Hi Guys here is the Stock for Swing Trade and You can see the Weekly time frame support is acting as Good Support and It’s a perfect example of Price action how price move we can hold till Next ATH
READY TO BOUNCE BACKTata Consultancy Services Limited
On the weekly chart, the stock has witnessed strong bounce back from its earlier breakout zone of 3400 levels
Rising volumes at breakout zone implies increased participation
On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Friday
The stock is well placed above its 20, 100 Day SMA which reconfirms upside momentum
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
indicate an upside of 3700-3750 levels
TCS has fully correctedHey Folks,
It is forming hammer near 20 EMA and took support from trendline.
Aggressive trader can buy from here as SL will be smaller and conservative trader can buy after confirmation on daily timeframe. On D TF if is breaking 20 EMA you can long conservative ones.
thanks! NSE:TCS
TCS Breakout restesting completed at level 3400TCS Breakout done at level 3400 and reached level till 4000. After qtr result it corrected from 4000 to 3400 and Now ready to fly
