waiting for the channel breakoutprice is moving in a downward channel after a long up move, waiting for the channel breakout to go long
TCS trade ideas
TCS WTF Triangle Chart Pattern After analyzing TCS's stock, there are indications that a potential breakout may occur in the near future. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
TCS - Swing Trade || 22nd May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 22nd May, 2023 and its upcoming week
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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TCS Upmove expectedTCS is showing a W pattern
Also there is breakout above the resistance line (previously support) (yellow)
Upmove expected with a stop loss of 3216
Target is 3378
Targets could be further extended depending on the candle
#TCS IT sector company will survive it's BO or not!Stock has given BO with volume build up making double bottom or W pattern, follow chart for proper support and resistance levels.
TCS Weekly Chart looking for breakoutTCS following 80 Weeks cycle .... Rallied to 2x in 1st 80 Weeks cycle ... corrected for 80 Weeks ... now about to breakout.
IF breakouts above 3400 on Weekly closing basis we can see New ATH on TCS in coming 80 weeks -- Possibly 2x Value 7000+
Can be considered good long term Investment after Confirmed breakout.
Happy Investing
TCS SHARE WAS DESTINED FOR FALLING DUE TO THIS PATTERN
TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target
Falling wedge pattern reversal in tata consultancy services ltdTATA CONSULTANCY SERVICES LTD
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 3180+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 3600+ .
✅ Can Go Short in this stock by placing stop loss below 3070.
TCS Long: Double Bottom & RSI DivergenceNSE:TCS is trading at its important weekly support level.
On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern.
Positive RSI Divergence is also seen.
Volume is still rising, which suggests that there is more upside potential for the stock.
Support- 3100
Resistance- 3275/3400/3575
TCS monthly target 3500TCS going back in weekly channel. Upward journey has started. Also check daily, given inside bar BO.
3 Expected Bottom Their are 3 expected bottom for TCS, which is predicted using ELLIOTT WAVE ANALYSIS. As shown we are in the process of WAVE C. Ending of WAVE C is expected at 3 point, which are 62%, 100% & 123% (projection of WAVE C)
Swing trade opportunity in TCS1. Trading in a rising channel & currently trading at the lower support area.
2. At support level on 200 EMA.
3. 3423 will act as immediate resistance.
4. RSI crossover.
5. Long position can be opened with the target of 3550 in coming days.
TCS BUYING ZONE FOR LONG TERMTCS strong support at 2950
can start accumlating now in small qty for LT
fundamently strong stock
educational idea
Breakout of falling Wedge bullish pattern coming soon in TCS Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
Market Cap
₹ 11,66,817 Cr.
Current Price
₹ 3,189
High / Low
₹ 3,644 / 2,926
Stock P/E
27.7
Book Value
₹ 247
Dividend Yield
1.35 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 115
PEG Ratio
2.65
Promoter holding
72.3 %
Intrinsic Value
₹ 2,154
Pledged percentage
0.48 %
EVEBITDA
18.6
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
CONS
Stock is trading at 12.9 times its book value
Working capital days have increased from 63.6 days to 92.6 days
Behatreen company with good fundamental, with good management. Good dividend paying stock, ROCE & ROE both above 40% very negligible debt ratio. All is showing positive for this ticker. This stock already have made millionaires to many. But now according to my analysis. price action showing a bullish momentum. Stock forming a falling wedge bullish kind of pattern... which is a sign of price reversal. Very soon we can see a breakout. Still why to wait for breakout when we know this has to go only up from current level. So if anyone wants to go long, can go with given levels on chart. For trading purpose already all levels given. But this is one of the best stock to invest for long term. So buy without any hesitation for long term. You will get dividends time to time.
If you are planning to take trade for short term kind of trading purpose then please follow strict stop loss.
If you guy's like my work please do not hesitate to your love by like and follow me, and also let me know your thoughts on this Trading idea in comment box i will love to reply you.
Thankyou brothers & sister Happy Trading:))
TCS is looking weak post resusltsNSE:TCS might fall more and it can show 3k and 2900 levels if it breaks its support at 3100.
Long TCS TCS currently trading at 3220 level, long position can be opened with the target price of 3400 with the stop loss of 3165 on closing basis.
2nd stoploss can be placed at 3100 levels on the closing basis.
If it breaks 3100 levels on daily closing basis then it will open target price of 2970 levels.
Volatility can be expected in the price as quarterly results are expected on 12apr so keep both long and short targets in mind with strict stop loss.
Please consider doing your own research before opening any trade.
TCS Forming Inverse Flag ahead of Q4 ResultsBearish Flag pattern in forming in the underlying ahead of important event being Quarter 4 Results. Let's see how it works out.
Some tips for beginners to get started in stock marketHere are some tips for beginners to get started in the stock market and for those looking to become pro traders---------
Start with the basics: Before diving into the stock market, make sure you have a solid understanding of the fundamentals of investing, such as how the stock market works, how to read financial statements, and the different types of investment vehicles available.
Set realistic goals: Determine your investment goals and risk tolerance to create a portfolio that suits your needs. Keep in mind that investing is a long-term strategy, and it's essential to have patience and discipline.
Do your research: Conduct thorough research on the companies or sectors you plan to invest in. Look for companies with strong financials, a competitive advantage, and a clear growth strategy.
Diversify your portfolio: Diversification is key to managing risk in the stock market. Invest in a mix of stocks, bonds, and other assets to spread your risk across different sectors and industries.
Keep an eye on the market: Stay up-to-date with the latest news and trends in the stock market. Monitor your investments regularly and be prepared to make adjustments if necessary.
Learn from your mistakes: Investing involves risk, and it's normal to make mistakes. Use your losses as an opportunity to learn and refine your strategy.
Consider professional help: If you're new to investing or don't have the time or expertise to manage your portfolio, consider working with a financial advisor or a robo-advisor to help you make informed investment decisions.
Keep emotions in check: It's easy to get caught up in the emotions of the market, but it's essential to maintain a level head and stick to your investment strategy.
Have patience: Successful investing takes time and patience. Avoid chasing quick gains and focus on long-term growth.
By following these tips, beginners can start building a solid foundation for investing in the stock market, while more experienced traders can refine their strategies and continue to grow their portfolios.
TCS - Bullish Harmonic PatternTCS - Bullish Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
TCS- Swing/Breakdown TCS looks trending down to 2900-2950 levels where it had taken support twice earlier. 200WMA along with AVWAP from COVID lows will act as a strong barrier. A closing below this region will take this stock to a gap area of 2550-2600. Below this there is a strong support at 2300 levels. Looking at the kind of events who knows we may see this mouthwatering level.
There is also a swing trading opportunity at 2900 levels and unless 3575-3600 levels are taken out on a WCB we may see sideways action continuing between these levels.
