Trade ideas
Tcs following this strong resistance line 3460, 3518, 3257
This 3555 lvl is a strong resistance point, also in IT index this resistance line is present. So if this 3600lvl breaks then it's possible for some breakout or it will move down. Also after double tops formation in the weekly TF it cant break this level.
So according to me, shorting can be done, buying at 3460 target at 3257 and SL at 3518.
TCS: Nomura Rating and DowngradeFWB:NSE : TCS Today Nomura downgraded TCS target from Rs.2830 to Rs.2800. Nifty50 is in ATH and IT is not supporting crucially. July corporate result starts with IT sector. IT has been underplaying for the past 3 months.
Huge shorting in TCS today. If TCS follows the previous day's trend, then the next resistance will be at Rs.3415.30.
TCS Mid Term SwingBollinger burst , and price is going along side 3rd
deviation, our special indicator also showing break
out in day chart and it never misses trades.
it may try to retrace from current high but will take
support in short support and go long above 3558,
target-3823.
target above 3558 is 7.5% , SL will be 2.5 %.
TCS forming bullish pattern, can achieve 3440 and 3490TCS has completed a good consolidation phase, now ready to fly till 3440. There will be strong bullish movement above the green line.
Below the red line, it will become bearish. A trade can be initiated keeping red line as stop loss.
Disclaimer - The above idea is only for education purpose






















