W pattern formed with Volumes, ready to go longTCS-W pattern formed in daily time frame with Volumes, Can take long position at CMP. Target minimum 10%
Trade ideas
TCS(Daily TF)TCS Is following a trendline and Now taken Support over it.
Currently it is forming a Double bottom kind of pattern So we can take a entry after stock sustains above 3585.
Target for this trade can be 3700 or can take as per Fibonacci.
Bearish Flag patternTCS has formed bearish flag pattern on daily chart. We expect negative breakout. However, there is no substantive negative trigger to cause it except the potential threat to revenue in EU region due to Omicron variant of concern.
ROCK SOLID(CONTINUATION)Explained on chart & thought process behind it.Definitely will take its own time before final blast but no issue with a GEM like this. Views r personal-not a trading recommendation. PRESS LIKE button if u concur now or on a latter date when U see it there.
#TCS harmonic#TCS next updated harmonic
Target -3912
PRZ-3498.46-3365
Sl-3315
CMP:3502@29 November 2021
Sharing only for learning.
#TCS. At support zones currently. Long above 35803400-3350 good support zone. SHORT it below 3350 for targets of 3150.
3150-3000 very strong support area. BLIND LONGS in this zone.
Long above 3580
#TCS
#TCS - Buy, Target - 3800, SL - 3320TCS has provided a positive trend line breakout.
Disclaimer : Do your due diligence before investing
TCS | Trendline + 200 EMA support + Gap filling opportunity -15%TCS | Trendline + 200 EMA support + Gap filling opportunity - Potential for 15%
CMP : 3445
SL : 3280
Target : 3970
1:3 risk reward setup
Long on TCSStock Should bounce back to 3700 levels.
Disclaimer: Education Purpose view, not a trading advice.
THE EVERGREEN ONEHope u enjoyed the last journey. Be ready to to take the next ride Compelled to rethink & revise chart. Ultimately tgts r just nos.Get ready for the. next exciting & happy journey. This is my personal view-not a trading recommendation. Use your own method before taking decisions
TCS : LONG TCS : Bullish Shark and double bottom formed.
CMP : 3463.75
SL : 3385 (CLOSING BASIS)
NECKLINE : 3575.55
TARGET : 3575, 3712, 3760
For educational purpose only
TCS Bullish TriangleIf TCS breaks 3515 and gives 15 min closing above it.
t1- 3555
t2- 3600
SL- 3477
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
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.
