BREAKOUT, TCS, 46% RETURNS!!!BUY - TCS
CMP - Rs. 3340
Target - 1: Rs. 3870
Target - 2: Rs. 4451
Target - 3: Rs. 4899
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Timeframe - 1-1.5 years
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Technicals - Bullish Symmetrical Triangle Pattern Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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TCS entered into 5th WaveTata consultancy services breaking out of the 4th wave trading range which confirms the entry into 5th wave as it also made a retest to the breakout level. Please use the video for learning alone, any decisions taken based on the provided analysis is not approved by the content creator, as the videos are only for educational purpose.
TCS- Remain Long Simplest Explanation
Hello Friends
I have tried to make analysis for you in Daily Time Frame as simple as possible so that any body can understand. Money should come into our pocket, that is important.
NO COMPLEX ANALYSIS, NO HISTORY, ONLY VICTORY-------- What is the future ------ that we talk.
Stay invested with full strength entry will come in the passbook. Just remember one thing analysis and observation of market is 80% execution is only 20%, I recommended to you to watch the market till 12:05 and you know what yesterday (ICICI, HDFC Bank, Bank Nifty all became bullish at 12:05. Believe me check and comment. Remember, boys open the market and men close it. Check and comment.
Let you grow and I may follow.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. This is only for your educational purposes.
TCS 3368 by mistake written as 3668
Sorry that in my previous post 3368 was written as 3668. I think you must have made it by looking at the picture. Moreover, the square planted got twisted. Link provided. Therefore, reposting the idea
Here you can see it has make levels above the previous swing high. Not to worry at all.
Please stay invested in TCS, Please refer to my previous post.
TCS - Long above 3668
Reason for being long above 3668 is that it has completed the square and entering into the other. Always remember that all the important lows are made on Tuesdays.
Please refer to my previous post on TCS. Link provided.
Not at all a recommendation. I am not a SEBI Registered Analyst. Please consult your financial advisor before making a decision. The square in the picture got twisted, please bear with me.
Let you Grow. May! I follow you.
Thank you.
TCS - Bullish in short term for 200 points
Buy TCS above 3668 which is high of the previous swing at the daily chart. Please refer to my previous idea post where it has been stated to be bearish. Link provided.
But, for a swing trade, buy above 3370. Target 3535
This is only for educational purposes and not a recommendation. Please consult your financial advisor before making a decision.
TCS - Bearish Flag Pattern
The picture shows prices below impulse marked by Red to Red Horizontal Lines and Green Trend Line.
I use confluence of Gann, Fibonacci, Wycoff, Pythagoras, Wave Analysis along with my customized indicator.
Please trade only in consultation with your financial advisor, I am not a SEBI Registered Analyst, only for Education Purposes.
Let you grow, and I may follow you.
Check my analysis on other Indian Stocks, Indices and Commodities as well.
Importance of Chart PatternsFor those looking to master the stock market, understanding chart patterns is essential. And if you have reached a point where you are out of trading ideas or stuck in a traders’ block, this article is just for you.
Chart patterns are formed by the movement of prices over time, and these can be of two types: Continuous patterns which indicate that price movement will continue in the direction of the trend and Reversal patterns which indicate a potential change in the direction of the trend.
There is no universal pattern which can help you in every situation. Hence, it is important to know what each pattern indicates and how you can spot them in a price movement.
In a series of these articles we will talk about all such important patterns that a trader must know about.
In this article, we look at Head and Shoulders
The head and shoulders pattern is a reliable reversal pattern that forms after an uptrend. The pattern is named for its resemblance to a head and two shoulders. The left and right shoulders are typically at or near the same price level, and the head is higher. When the price breaks below the neckline, it signals a bearish reversal.
Look out for the following sequence:
Left shoulder: A price rise followed by a peak, followed by a decline.
Head: A price rise again forming a higher peak than the previous one.
Right shoulder: A decline of price again, followed by a rise to form the right peak, which is lower than the head.
For example : take a look at the chart pattern for TCS to understand how price movement took place from the month of August 2019 to February 2020 forming three peaks, in the sequence we just discussed.
TCS | LongTcs after giving a breakout retraced for a few days. Now resuming upmove again.
Technical indicators give positive signal as well.
Can buy on 7 August close at 3484.05
Target indicated on chart.
SL will only trigger if stock closes below Red Area.
If stock takes time to hit target, SL can also be moved to trendline.