TCS Short term TCS Seems H& S in weekly
any time breakout may happen..
looking good for short term
effective rally will be above 3500
TCS trade ideas
TCS - forming bullish patternNSE:TCS At resistance level which was tested thrice and has now become weak….
Price finds support at 50% retracement level…. and showing formation of second bullish wave…
NSE:CNXIT Index is also forming bullish pattern….
TCS Cup and handle pattern formed in TCS in daily timeframe.
can take a long position after a retest and follow proper sl on chart.
sl is stop loss, t1 is target 1 and t2 is target 2.
please manage quantity and follow proper sl.
TCS It seems at good level. Closing above 3500 may give good upside. As on today there is good open interest is there at 3500 strike. If breakout sustain it may help stock to rally faster in term of short covering
Resistance with DivergenceAs the name suggests, resistance is something which stops the price from rising further. The resistance level is a price point on the chart where traders expect maximum supply (in terms of selling) for the stock/index. The resistance level is always above the current market price.
The likelihood of the price rising to the resistance level, consolidating, absorbing all the supply, and declining is high. The resistance is one of the critical technical analysis tools which market participants look at in a rising market. The resistance often acts as a trigger to sell.
Script = TCS
Time Frame = 1 Day
at breakout zoneIT giant TCS has developed an inverse head and shoulder of 17% upside potential movement.
Swing/positional idea for 10% || TCSIt has broken an important resistance or support zone. Buy now at 3495 for a target of 3650 and 3800. SL will be 3360. A 1:3 risk reward ratio.
TCS Positional viewTCS is looking good to buy as its quarterly result is on the corner. Also, the chart shows strong support at the 3200 to 3300 zone.
one can take a position on TCS as it has an excellent risk-reward ratio this position.
stop-loss marked with the red line on a daily closing basis.
targets are kept in the green line
thank you!!!
TCS _ positive chart for long tradeThe resistance breakout will be give a long trade opportunity.
Thanks
-AJ
Wanna Drink A cup Of Tea ?TCS very interesting and clear pattern . a rich breakout above 3480 and target are open book as per your comfort.
TCS looking good to go longResistance around 3480
Keep stoploss at 2% of cost
Higher levels can be 3800-400
TCS Stock Reaching Resistance - Time to Short SellTCS Short Selling Recommendation
Introduction:
This report aims to provide a technical analysis of the TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements.
Background:
TCS is an Indian multinational information technology services and consulting company that is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The TCS stock has been in an uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level. The stock has been trading around 3423.10 levels, and a breakdown above this level could signal a short-term trend reversal.
The technical indicators are also pointing to a potential short selling opportunity. The Relative Strength Index (RSI) has been trending higher, and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is losing momentum.
Furthermore, price action on the chart shows that the stock has reached a resistance level and is showing signs of a potential reversal with bearish cand formation.
Recommendation:
Based on the analysis above, we recommend short selling the TCS stock if it breaks above 3423.10 levels, with a stop loss of 3469.25. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. The target 1 is 3377.00 and target 2 is 3337.30.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions and always consult a financial advisor before taking any action.
Conclusion:
In conclusion, the TCS stock appears to be reaching a resistance level, and technical indicators suggest a potential short-term trend reversal. Therefore, short selling the TCS stock if it breaks above 3423.10 levels with a stop loss of 3469.25 and target 1 of 3377.00 and target 2 of 3337.30 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
volatility contraction1. 38 % drop from all time high
2. three cups with lesser volatility then previous one
3. at crucial resistance
possibility
a. a breakout and run
b. more likely fourth cup with 4-6% volatility before conclusive breakout
TCS weekly chartThe stock formed inverse head and shoulder pattern on weekly chart.
Breaking above neckline will trigger breakout and we can see more higher level near future.
Sell TCS at cmp for 3363 Sell TCS at cmp 3363 with small stop loss of 3425 target of short term target of 3200 .based on gartley bearish pattern and as the fibonacci level and mid term target of 3000.
Short opportunity in TCS for intradayIf market opens at resistance level (around-3380)on monday , can take a short trade for target of 3325
TCS on 20 Jan 2023Cup and Handle in making
Head and Shoulder in making
Buy when Breakout above 3430 and retest it as support
Positional:-
Buy above 3430
Stoploss 3350
Target 3880
These are my personal views and are for educational and papertrading purpose only. please consult your financial advisor before investing.
Technical Indicators Reveal TCS Short Selling OpportunitiesIntroduction:
This report aims to provide a technical analysis of TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements.
Background:
Tata Consultancy Services Limited (TCS) is a leading Indian multinational information technology (IT) service and consulting company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The TCS stock has been in a strong uptrend for the past few months, but recent price action suggests that the stock may be reaching a resistance level. The stock has been trading in a range between 3396 and 3413, and a breakdown below 3396 could signal a short-term trend reversal.
The technical indicators are also pointing to a potential sell-off. The Relative Strength Index (RSI) has been trending lower and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum.
Furthermore, price action on the chart shows that the stock has reached a strong resistance level and is showing signs of a potential reversal, with bearish cand formation.
Recommendation:
Based on the analysis above, we recommend short selling TCS stock around 3396 levels, with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back.
However, it's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns.
Conclusion:
In conclusion, TCS stock appears to be reaching a resistance level and may be due for a short-term pullback. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, short selling TCS stock around 3396 levels with a stop loss of 3413 and a target 1 of 3379 and target 2 of 3353 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action.
TCS- TRADING AT IMP.LEVEL~I AM NOT BULLISH OR BEARISH
~It is possible to break the resistance.
~After breaking resistance you can go for buy call.
TCS long termTarget - 3470/3490/3655/3800
Support level -3366/3264/3200
Its forms Flag pattern with target point (315).
And also forms bullish flag.
It always form parallel channels and make lows and highs .
You can look at 45 min and 1 day time frame you may observe parallel channels mostly.
Consolidation channel- mostly 25 to 32 days it form highs and lows.
And now its time to go high.If is sustains and break the channel then above target can achieve.
Comment for more analysis.
like and support.
Trend line breakout Trend line breakout and retest ,
Sharekhan is bullish on Tata Consultancy Services
has recommended buy rating on the stock with a target price of Rs 3650
TCS CUP AND HANDLE PATTERNTCS Cup and Handle formed
waiting for breakout in up direction
may follow up trend channel
it's an analysis not a trading advice , trade with due diligence.
