TCS Price volume analysis TCS on daily chart is showing a horizontal breakdown of support, however as I read it -neither the breakdown candle didn't had much volumes nor there is any follow up volumes on subsequent days so far, infact the low of the breakdown candle is stil intact and possibility of this being a bear trap setup is higher in my opinion.
Keeping this in radar to see if there is any short covering which gets triggered
Trade ideas
TCS Weekly charts Suggest breakout - 5500 Target in 6 MonthsTCS Weekly charts Suggest breakout - 5500 Target in 6 Months Possibility.
CUP Pattern Breakout / Consolidation breakout after almost 1 Year of range bound trading.
Immediate Target 5450 in 6-8 Months ... Long term Targets 7000+
Happy Investing.
TCS- RB or Cup formationTCS- On the process of forming a big cup in weekly. to complete the big cup it should break the parallel channel. To break the parallel channel, it formed a Rounding bottom in daily, the target of which is matching with the weekly cup top of 4039... 10 percent profit can be made in short term from the CMP.
Note: This is for educational purpose only.
TCS past 3 week resistance not crossed tcs made pattern for upmove as it is in past fewmonth upmove with trendline. but unable to cross past 3 week high . so let us observe its range with levels as support resistance.
market always risky decission is ur only.
posted as only to learn and enhance analysis via sharing and comments
$NSE:TCS Is TCS going to be Bullish next trading session?NSE:TCS Is TCS going to be Bullish next trading session?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
TCS 3600 and 3770 next upside Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
$NSE:TCS Is TCS going to fall further or just taking a pause ?NSE:TCS Is TCS going to fall further or just taking a pause ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
$NSE:TCS Can we expect TCS to fall a bit more today ?NSE:TCS Can we expect TCS to fall a bit more today ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
TCS: Another Leg of Impulse is on the wayStock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower.
Stock is likely to fall towards 3300 and 3200 in the coming weeks.
Positional_ TCSKeep track of TCS as it may provide good positional trade opportunity.
Points to consider:
1. TCS is still in an uptrend considering Higher Highs and Higher Lows structure.
2. Double Top (indicated with black line) looks matter of concern. It will be selected as target.
3. SL, Entry and Target will be posted afterwards.
4. Trade will be cancelled if met with un-favorable risk-reward scenario.
Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes.
Is TCS looks Weak? My answerQ: Do you think TCS looks weak on chart?
My answer is "NO" as far as chart is concerned. Remember, it must have nothing to do with the fundamentals.
As you can see in the Monthly charts of TCS, their isn't a "single low broken" since March 2020. Let's analyze each Month's lows.
Mar 2020: Rs 1506.05
April 2020: Rs 1650
May 2020: 1865.20
June 2020: 1981.10
July 2020: 2079.50
Aug 2020: 2216.45
Sept 2020: 2241.30
Oct 2020: 2492.30
Nov 2020: 2600.05
Dec 2020: 2624.45
Jan 2021: 2879
Feb 2021: 2880
Mar 2021: 2901.80
April 2021: TBC
Q: Can we short or will it fall if the monthly low is broken?
My answer is nope, absolutely not. The stock is still in uptrend. Trend has more importance than each particular candle's high or low. Therefore, it will require massive selling pressure and/or Fundamental Causes to make the stock fall.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for educational purposes only.
TCS intraday_ Looking for short opportunityI will go short when it opens gap down or flat at RETRACEMENT only.
Market is bearish it seems good opportunity considering sentiment.
Gap down scenario: Remember, reversals are either possible in 2 patterns (Head and Shoulders or "M"; or 2 red candles- 1 green candle (all near the resistance only)- SHORT at low of Green candle)
Investment_ TCSNamaste!
TCS has been one of the stocks which didn't corrected much in the "corona crash", dropping only similar to 30%.
The main reasons for this stability was:-
1. IT sector still offered it's employees a work from home opportunity, so it's business didn't affected that much.
2. TCS is the biggest company in the IT sector today, and it's share price has been very stable due to the fact that it didn't fell more than 30% since the year 2010.
3. So, again it fell 30% and it's price is trading near support level.
4. It's an very good investment opportunity, for the people who are very conservative in risk taking. Hence, they should not expect higher returns rather stability.
5. Investment price looks good at current price of Rs 3074.
6. More capital allocation can be done to this stock as compare to small and mid-cap due to the nature of stability. But not more than 20%.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
TCS till 3480 not break 3600 + pending we get 140 points profit On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TCS - Looks Good!Reason- NSE:TCS - Double bottom pattern with piercing candle on Daily Chart.
Duration 7-15 days
The Double Bottom pattern emerges within a downtrend when the price hits two lows at approximately the same level. During this formation, the volume tends to taper off, indicating a decrease in the selling pressure. At each low point, there might be a slight increase in volume, although it's generally less pronounced during the second low. The pattern's completion occurs when the price surpasses the highest high between the two lows, confirming a bullish signal and signaling a potential upward breakout.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade