Trade ideas
GenZ !!! Believe in TATA CONSULTANCY !!!- This Company needs no introduction at all.
- The larger picture is that of a Pole Flag Pattern.
- It can also be said that a cup is in formation.
Within the larger pattern, a Volatility Contraction Pattern has been witnessed.
At least 14% profits are clearly visible for the taking.
TATA CONSULTANCY Hello guys, so today we will talk about Tata consultancy stock so right now in monthly time frame it is breaking a triangle pattern which is an bullish pattern breakout, and in RSI, we can easily see the stock is now can continue its uptrend so gentlemen, this would be my pick for equity as well as future positions. Also for a short-term long trade, you can take it as a swing trade as well as optional trade Lets see the chart and let me know what you think about it. Thank you.
TCS: 1.5 Year Cup Handle BreakoutTCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.
TCS, 1D formed Bullish Harami TATA Consultancy Services Limited is an Indian multinational information technology services and consulting company with its headquarters in Mumbai, Maharashtra. It is a part of the Tata Group and operates in 150 locations across 46 countries.
NSE:TCS gave breakout of Bullish harami pattern and breakout of its previous 17 day consolidation.
Entry : 3418.5
Target : 3492/3515
SL : 3343
RR : 0.97/1.25
TCS - Ready to go.
Writing here simple terms; after complete technical analysis; so that every one of us can understand and execute . First 9 days of September trading were good for TCS, giving around 40 points from 3403 to 3441. Bull run is likely to continue at least for the next week and can expect further at-least 100 points run from Monday i.e. 11 the of September 2023.
Framed a solid trend line in 1H Chart marked in yellow dotted line and sitting on it.
Trade cautiously, making your mind judicially with the help of other indicators like William R%, weighed averages and the likes.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making a decision.