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.
Trade ideas
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.
Right time to hunt down IT sector stocks ? I daily make educational content videos on swing trading and Investment Ideas, don't take them as calls or tips; always ask a financial advisor before taking any trade or investment.
TCS - One bullish move has taken away 2 days of weaknessNSE:TCS showed a good move like other IT stocks. Today TCS results will decide how does it move for this quarter.
Bullish Strong stock:-
. Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. Near 20% to 52 week high or all time high.
. Outperform nifty.
TCS Head and Shoulder breakdown patternTCS 3211- Has breakdown from HS pattern. With muted Q3 result, we expect TCS will be dragged to Technical Target 3078
#Tcs breakdown ya trap.Tcs head & shoulder pattern seen on daily chart so tcs going breakdown from lower Trendline let see on Monday is big day for Tcs results keep on radar in this
Script.
TCS Long Term Bullish Cycle TCS is finished with monthly and is getting ready for another bullish cycle. Just for structure break on daily.
Not financial advice. Just my journal
One Investment Idea and One Trading Idea | Detailed AnalysisI daily make educational content videos for financial markets
swing trade in tcsThe stock is looking good for the both sides
lets wait for the break out and see where the market
is heading.
Long TCS - Consolidation Phase Over, Did't make lower lowTCS is excellent buy opportunity at current level as it has completed the consolidation phase from recent fall and also have made strong recovery from lowest low of 3160.
CMP 3261,
Target 3300, 3360
Stop loss 3220
TCS to move high Trend line breakout happened in TCS and now it has retested the breakout price. Now i have high conviction for tcs to move upwards target near 3800 -4000
TCS short (23 Dec)Short to medium term
TCS short (23 Dec)
Head & shoulders pattern
RSI- 42
Sell at CMP- 3240
SL- 3305
Target- 3135, 3015
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
TCS has shown a great recovery from it's support levelsNSE:TCS despite being opened gap down has shown a stellar recovery from it's lower levels. As of now, IT stocks will be in pressure but good to see not breaking it's support otherwise 3k levels can be seen soon.
TCS can be bought ABOVE 3327TCS seems to continue on its previous trend. Can be bought in Cash market around 3327 with Stop loss of 3235 and a target of 3603
FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY
The information posted are for educational and informational purposes only. These are trade which are taken by me personally along with money management. However, under no circumstances, or no word written on this post suggests or makes me liable for any trade which the visitor makes based on the information provided on this post. THIS POST IS STRICTLY CONSIDERED FOR INFORMATION PURPOSES ONLY and IS NOT AN INVESTMENT ADVICE. I am not a SEBI Registered Investment advisor, not do i claim to be one.
