TCS - Bullish Structure after consolidation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
TCS trade ideas
Simple Trade Setup | TCS | 13-12-2021 [ INTRADAY ]NSE:TCS
Observations:
1) On 1day time frame, we can see that it took support from 50DMA and bounce from it.
50DMA is placed at 3581.36
Also interensting point is that most of all the major simple moving averange are in range of 3575-3585 level range.
We can say that 3575-3585 is major support range.
Please refer below chart : 1day Time Frame.
2)Also on 1 day time frame, we can see that it made perfect dubble bottom pattern and gave breakout of it and also took support from the breakout neck line of double bottom pattern.
Now major breakout level range is 3650-3660 level range. Sustainable breakout of this range will make it bullish.
Please refer below chart : 1day Time Frame.
3) On 15min time frame we can see that it is having support trendline.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
** Trading Idea in TCS **** Trade Plan **
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Setup :> Here there is a Pennant Pattern Forming . So be a Positional Trader in the stock.
Entry :> Should be done on the Closest or on the lower trendline . Price Range in the chart above.
Exit/ Target :> Possibly the nearest Support shown in the chart.
Stoploss :> Stoploss should be kept just above the upper tredline .
Risk : Reward. :> Very Good (1:3)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone .
TCS 100% Profit Trade🤑#we will make only profit.
1st Today starting 45 min market Go up than its a strong chance we can achieve 2 Target but if any Bad News came than TCS achieve 1 Target .
2nd If you know Price action than se its a breakout But Not confirm Now.
3rd Today will be Clear we go up or Down.
4th All MACD try to be Enter in a bearish Zone.
5th stop loss jetna aap dene ko Ready ho
6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS
#If you need any help comment or message me.