TCS - Weekly AnalysisIn the Weekly Chart of TCS ,
we can see that; it is near Cup & Handle Pattern Breakout which is inside a Big Cup & Handle.
Possible momentum are shown in chart.
Trade ideas
head and shoulder pattern in TATACONSULTANCYTATA CONSULTANCY SERVICES
Key highlights: 💡⚡️
✅On 1Hour Time Frame Stock Showing Breakout of head and shoulder pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3370+.
✅Can Go short in this stock by placing a stop loss above 3220-
TCS has shown good moveNSE:TCS can show a good move of at least 40-50 points from here. Chart is looking good to me.
TCS - bullishPennant pattern formed on TCS it goes up 3360 in this week. Plan before trade and trade the plan
Breakout candidate The stock is trading within a triangle pattern. We can see a bullish move near future.
TCS VIEW
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Tata consultancy services { TCS } About 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.
TCS TRADING STRATEGY LONG TERMTCS on weekly chart looks good to plan a trade. Currently it is making a descending triangle pattern, testing the trendline for fourth time. We can anticipate a slow and steady breakout.
We can make an entry now STOP LOSS@ 3100 (5-6%), TARGET 1 is 3600, if the price holds 3600 level we can expect TARGET 2 at around 4000 zone, from thereon new ATH can form, this might take a bit of time so it is a long term strategy. OR just trail using 20/50 EMA.
2800-3000 is a strong support zone so if the breakout fails we can catch TCS in that zone.
TCS - CASHWe can buy TCS at current level and can expect targets of 3670-3090 with a stoploss at 3175-3155.
If breakout then trail stoploss.
TCS head & shoulder pattern on daily time frameTCS making head & shoulder pattern in DTF & if TCS close above 3140 then neglect H&S pattern. TCS following trendline support from 2020 so watch & trade carefully with stoploss
#TCSTCS Standing Tall After a No Overlap On weekly Basis
Strength Candle
Increasing Score
Enters Q2 RRG
Towards 3333
TCS This Stock has given a Breakdown of its Range.
Can go for Shorts with SL of 3250 - 3260
Views for Educational Purpose,
Kindly study before execution
TCS buy near 3160-3170 for 3280 targetWolfe wave structure expected.
Wait till price drops to 3160-3170 levels to buy for the target of 3280.
TCS at trendline supportTCS is on trendline support(at 3315-3325) and oversold on an hourly basis. Medium term hold with strict stop loss. Target in medium term should be around 3360.
Buy TCSRSI 60+
Making HH after making swing HL
3370-3400 level possible in short term.
Last Candle low is SL.
Rising Wedge pattern reversal in TCSTATA CONSULTANCY SERVICES
Key highlights: 💡
✅On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
✅ It can give movement upto the Reversal final target of below 3220-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3030-.
TCS Major buying setupTCS is making running flat in daily time frame and also running flat for entry purpose in hourly time frame, looks very good in terms for risk to reward, as you are getting entry as well directional pattern to trade, wait for break of c wave trend, and look to enter from there, keep stop below that breakout impulse, it can break the mentioned level making it as possible 9-10% of move, so good for positional trade.
TCS is overall bullish/ Dont fall for trapsthere is some retracement pending in some of the IT stocks like WIPRO , TCS . around 4-6 % retracement is pending then it is good to go for swing trading
waiting for the channel breakoutprice is moving in a downward channel after a long up move, waiting for the channel breakout to go long
