Trade ideas
TCS next moveTCS next move
CMP has triggered on demand area if its powerful demand we can expect a next target of 4600 and above
if its breaks bellow 41200 we can expect 3950 near by
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
TCS looking for gap area to fillTCS made high 4565 in day timeframe and Possible made 5 impulse wave inside the 3rd wave.
now expecting consolidation for 4th wave to fill the gap of 4340--4300 in short term
Whereas breaking of trendline will give more weakness towards 4000
MACD giving negative diversion.
Link given for previous post for detailed analysis where it achieved 3rd wave target.
Disclaimer : study is only for educational puspose. I am not SEBI registerd .
TCS, Infosys, and Wipro Among Top NIFTY Losers: Here’s WhyTCS, Infosys, and Wipro Among Top NIFTY Losers: Here’s Why
The Indian stock market recently witnessed a sharp decline in several major IT stocks, with Tata Consultancy Services (TCS), Infosys, and Wipro emerging as top NIFTY losers. These tech giants, which have been consistent performers in the NIFTY 50 index, faced significant sell-offs. The question is: What’s driving this downturn in IT stocks?
Reasons Behind the Decline
Global Economic Uncertainty
The ongoing global economic challenges, including fears of a global slowdown, rising interest rates, and inflation, have led to cautious investor sentiment, especially in export-driven industries like IT. Since a large portion of Indian IT companies’ revenues comes from international markets, any global economic slowdown can directly impact their earnings.
Weak Demand for IT Services
There has been a noticeable slowdown in demand for IT services from key sectors such as banking, financial services, and insurance (BFSI) and retail. Companies in these sectors are cutting back on IT spending due to tighter budgets and economic uncertainty, leading to a reduction in new IT contracts for major firms like TCS, Infosys, and Wipro.
Concerns Over US Fed Rate Hikes
With the US Federal Reserve hinting at potential rate hikes, the IT sector is under pressure. Rising interest rates tend to strengthen the US dollar, which can hurt the profitability of IT companies that derive a large chunk of their income from US clients. Moreover, higher rates could slow down the US economy, affecting client budgets and demand for IT services.
High Attrition Rates
Another major issue plaguing IT companies is the high attrition rate. Talent shortages and increased competition for skilled workers have led to a rise in employee costs. As TCS, Infosys, and Wipro struggle to retain talent, they face increased wage pressures, which could hurt their margins.
Profit Booking
Indian IT stocks have enjoyed strong gains over the past few years, making them a popular choice for investors. However, after such a long rally, there has been significant profit booking by investors, further contributing to the decline in stock prices of these companies.
Stock Performance Overview
TCS: As one of the largest IT companies in the world, TCS saw a dip in stock prices due to concerns over global client spending and the uncertain macroeconomic environment.
Infosys: Infosys, a key player in the IT industry, faced similar issues, with demand softness and high attrition rates weighing down investor confidence.
Wipro: Wipro’s stock performance has also taken a hit as the company battles with lower client budgets, weaker demand in key markets, and higher employee costs.
Sector-Wide Concerns
The IT sector is particularly vulnerable to global macroeconomic factors due to its high exposure to foreign clients, especially in the US and Europe. With inflationary pressures and potential economic slowdowns in these regions, IT firms are experiencing deferred project spending and reduced IT budgets. This has led to lower growth expectations for the sector, causing investors to re-evaluate their positions.
Conclusion
While TCS, Infosys, and Wipro have a strong long-term growth potential, they are currently facing headwinds due to global economic uncertainties, demand softness, and rising costs. Investors are now adopting a cautious approach, which is reflected in the sharp sell-off in these IT stocks. However, long-term investors with a higher risk tolerance may still view these declines as a buying opportunity, considering the strong fundamentals of these companies.
It will be important to watch how these companies navigate the current challenges and adapt to the changing economic landscape in the months ahead.
TCS Market Position:TCMarket Position: TCS is the largest IT services
company in India and one of the top 10 IT services
companies globally, with a market capitalization of
over $150 billion.
Revenue Growth: TCS has consistently
demonstrated strong revenue growth, with a
compound annual growth rate (CAGR) of over 10%
in the last five years.
TCS // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
TCS (Tata Consultancy Services) on a 1-hour timeframe,
Support Levels:
₹4,420
₹4,400
₹4,380
Resistance Levels:
₹4,460
₹4,480
₹4,500
Trend Analysis
Current Trend: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the price action over the past hour or several hours. This can be determined by looking at the direction of the price movements and trendlines.
Draw Trendlines: Connect recent highs or lows to visualize the trend. An upward trendline would connect higher lows, while a downward trendline would connect lower highs.
TCS // levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Employee categories
TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively.
Current Price: 3,520.75 INR
Day’s Range: 3,510.00 - 3,540.00 INR.
Key Support and Resistance Levels:
Support Levels: 3,500, 3,480, 3,460
Resistance Levels: 3,540, 3,560, 3,580
TCS Hold 1 or 2 weeks
Entry @ 4450 to 4455
Risk 15 points
Target 1:5 and 1:8
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
TCS Caution while Trading Divergence MoveHello Traders,
As we all know the Current trend of the IT sector is bullish & as we can see TCS making new highs.
But will the breakout move sustainable or not.
On the hourly chart there was a Strong volume on Last 2 hours of Friday session.
Is it a Volume trap shown to us or something else is Cooking inside. Dont just rush to trade TCS on monday.
Just wait for the confirmation for the breakout levels to be Retraced on higher timeframes.
Thank You
Prince
TCS Swing TradeHello Traders,
As we all know Pharma, IT, FMCG is driving the market right now.
As the sector is bullish, just keep an eye on TCS about to make Fresh Highs.
Volume confirmation seen on Last 2 hours of Friday session.
Once breaks above resistance plan for a swing trade with LOW RISK & HIGH REWARD.
Educational Purpose Only
Thank You
Prince
BREAKOUT TCS📊 Script: TATA CONSULTANCY SERV LTD
📊 Sector: IT
📊 Industry: IT - Large
Key highlights: 💡⚡
📈 Right now the stock is in upward movement as per the daily charts from Aug 14 2024 with key support levels at 4460(S1) and 4390(S2) and resistance seen at 4592 being 52 week high. RSI is in overbought category will look for divergence in case of pattern reversal. Stock is trading above 50 and 100 days EMA.
📈 As per 15 mins chart the stock is trading in the range of 4460 and 4560 testing resistance again at 4560 on closing basis on Aug 30 with high high volume green bar. RSI is bullish and not in oversold category. 50 day EMA of 4534 is acting as crucial support.
⏱️ C.M.P 📑💰- 4553.75 entry at 4500
🟢 Target 🎯🏆 - 4800
⚠️ Stoploss ☠️🚫 - 4350
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
BREAKOUT TCS📊 Script: TATA CONSULTANCY SERV LTD
📊 Sector: IT
📊 Industry: IT - Large
Key highlights: 💡⚡
📈 Right now the stock is in upward movement as per the daily charts from Aug 14 2024 with key support levels at 4460(S1) and 4390(S2) and resistance seen at 4592 being 52 week high. RSI is in overbought category will look for divergence in case of pattern reversal. Stock is trading above 50 and 100 days EMA.
📈 As per 15 mins chart the stock is trading in the range of 4460 and 4560 testing resistance again at 4560 on closing basis on Aug 30 with high high volume green bar. RSI is bullish and not in oversold category. 50 day EMA of 4534 is acting as crucial support.
⏱️ C.M.P 📑💰- 4553.75 entry at 4500
🟢 Target 🎯🏆 - 4800
⚠️ Stoploss ☠️🚫 - 4350
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
TCS BULLISH BREAKOUT ON DAILY BASISTCS IS BULLISH IN THE chart and can be seen for more up trend 4632 reversal from 4432 can be support for the tcs.
target for upside can be 4632, 4955 in coming future.
stoploss can be 4363 those who are entering after reversal from 4432 so after breakout of 4565 can be upside more promising.
#tcs #itsectorstocks #stocksinthenews #indianstocks #indianstockmarket #bullishstocks #august2024 #recentstocks #stocksintrend #uptrendstocks #uptrend
TCS Breaks OutTCS Breaks Out of Inverse Head and Shoulders Pattern: Bullish Momentum Ahead
Tata Consultancy Services (TCS) has formed a classic inverse head and shoulders pattern, a well-known bullish reversal indicator in technical analysis. This pattern typically signals a potential shift from a downtrend to an uptrend.
The structure of the inverse head and shoulders pattern is characterized by three distinct troughs: the first and third being the shoulders, and the middle, deeper trough representing the head. The neckline, which connects the peaks between these troughs, serves as a key resistance level.
Recently, TCS has successfully broken out above the neckline, confirming the bullish reversal. This breakout indicates a strong potential for further upside as the price momentum shifts in favor of the bulls. The breakout is often accompanied by an increase in volume, further validating the strength of the move.
With the price now above the neckline, TCS could see a continuation of the uptrend. The measured move from the breakout can be estimated by projecting the height of the head from the neckline upwards, which suggests a significant upside target.






















