TCSHopefully TCS completed correction now and from here will start going up on impulse mode. this entry point has a minimum stoploss to have good risk reward ratio
TCS trade ideas
TCS for a buyKeep it very simple, TCS buy call from 3500.
As TCS has corrected almost 10% and ever time the stock corrests 10% then it gives a good upmove. There is a strong support around 3300 so start buying from next week in small quantities.
Buy around Buy around 2800 to 2850 for the last push..
Just a view better consult professional advice.
#TCS next updated bullish harmonic#TCS next updated bullish harmonic
PRZ-3498.46-3365
CMP:3608.85 @20 October 2021
Sharing only for learning.
LongFresh entry above 3643 only
T1-3676
T2-3704
T3-3750
Enter only it sustain above 3643 for atleast 30 min with hammer or bullish candle
SL-3600
To enter in FOMO strict decipline to be followed
TCS Sell below 3600 SL 3618 TGT 3579Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TCS 18 OCT 2021 TCS when it will take support of 50 ema then target is 200 ema
it will take 1 to 3 days
#TCS @3590 Attractive entry post correction#TCS sold off post Q2 results.
Nevertheless remains portfolio grade stock with clear large long term outsourcing potential & extremely conservative management in terms of capital allocation
Entry at 3595-3585
Target - 4000
Stop Loss - 3400 ( weekly close)
Risk Reward - 1: 2
TCS Butterfly PatternTCS has formed a Butterfly pattern, along with tight PRZ.
We can expect upside move after entering into PRZ.
LONG TCSClearly seen from the chart that it is on the weekly support of 3605 along with this there is a clear bullish RSI DIVERGENCE can be seen with the SL of 3600 we can aim for the 100 points target of 3700 in short term !!!!
Please see my previous views with almost 95percent accuracy!!!
Happy trading :)
TCS IS MOVING IN A PARALLEL CHANNELTCS is moving in a parallel channel from February 2020. Have to wait and see if it takes support at the bottom trend line to enter into fresh longs.
TCSTCS was definitely a surprise for its loyal investors even though it was having not so annoying quarterly results.
Now let’s focus on what’s next. I carefully went through the chart adding some important parameters. Let me share the findings with you.
On 26th Feb TCS closed 3.37% Down with a huge volume spike at 5.53M, RSI was 33.12.
On 9th July TCS closed 1.55% Down with a huge volume spike at 6.365M, RSI was 41.53
Today TCS closed 6.35% Down with volume at surprising 11.845M, RSI at 43.18
When I drew a trend line connecting the RSI’s it touches almost perfectly, the 14 day RSI and the trend line has been plotted below portion of the chart.
On 26th Feb the stock reversed upwards right away. But during 9th July the stock consolidated for 2 weeks and reversed upwards after RSI touched a low of 38.72 on closing basis.
Current scenario is TCS fell with a heavy volume, the low was made at Resistance acting as Support line (Mark the black horizontal line 3657), and RSI trend line indicates a support zone is here nearby. So there are two probabilities the stock may move upwards right away or after some consolidation, but this is definitely an accumulation zone.One can wait for reversal signs before starting to accumulate. I have tried to justify by using my minimum knowledge that why one should be still bullish on TCS.
If you regularly go through my ideas and find it useful, please like and Follow. It keeps me motivated.
Chart & Analysis – ADARSH DEY
4000 coming for TCS?TCS, the leader of the IT pack, is in a nice uptrend. If we see a continuation of the bar formed today, we should be approaching 4000 odd levels in no time. One could initiate a trade keeping the following levels in mind.
_____________________________________________________________________________________________________________________________
LONG ABOVE: 3853
STOP LOSS: 3767
TARGET 1: 3939
TARGET 2: 4025
_____________________________________________________________________________________________________________________________
Only initiate the trade if price sustains above the "LONG ABOVE" level for at least 15 minutes.
Manage risk properly and trade your plan.
Like and follow for more. :)
tcs double harmonic studyAs marked with yellow color point C and D combines very good support and there is a chance of bounce and target for long will be 4020.
Maintain stop of rising red line candle must not close below that.
TCS Q2 results based strategies - OutcomeTCS Q2 RESULT BASED STRATEGIES - OUTCOME
The IT heavyweight is scheduled to declare its results today after market hours. This is the reason I thought of doing a post cum video explaining the basis on which I have created the strategy only for the purposes of tracking and till the time of writing this post and creating the video related to it, I have not taken a position. If I do take, I will let you know in the weekend post.
TCS hit a New All-Time High of 3989 and at the time of writing this post, it is around 3950. I already have other FNO positions on so I do not have spare capital to deploy so this approach.
Please watch the video to know how the strategies performed and what I ended up doing when the scrip fell down by 6%+.
I have chosen to track the following strategies:
Bull Call Spread:
In creating the spread, I have bought 3960 CE and shorted 4000 CE. The details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video.
In the worst case, there is a loss of 4K and in the best case, a gain of 6K. In my view, this is a good risk-reward considering the fact that there could be wild movements in a scrip post its results and TCS has moved 2-3% in the past around such events.
Outcome:
At 1100hours =
Spread Value When Created = 14
At 1100h = 03
Being a Bull CE spread, the value should have gone up for us to make money
Gain / Loss = -11*300 = -3300
Capital deployed Incl MTM Loss provision = 80,000
ROI = -4%
ATM Short Straddle:
In this, I have shorted 3960 CE as well as PE. the details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video.
The margin requirement is quite high so even if I create a strategy by EOD, I would not go for this. The Max gain is around 65K and obviously, the loss in unlimited as Options are being shorted. Though one can always keep an SL or exit when the spot reaches a pre-decided level.
Generally, short strategies are useful when the implied volatility is high prior to the event and the position gains as the VIX cools off after the event.
At 1100hours =
Straddle Value When Created = 225
At 1100h = 293
Being a Short Straddle, the value should have gone DOWN for us to make money.
Gain / Loss = -68*300 = -20400
Capital deployed Incl MTM Loss provision = 350,000
ROI = -5.83%
I will post an outcome video as well on 11-10-21 so stay tuned!
Till then,
Keep learning & making money but at all times, please assign topmost priority to your capital and do all that is needed to stay in the game with it!
Best wishes.
Umesh
8-10-21 & 11-10-21
