TATA CONSULTANCY - Long-term TrendTATA CONSULTANCY - Long-term Trend Analysis
1. After several months of consolidation the long unwinding has been broken this month.
2. Another fall is for sure, but it may take several months.
3. If it falls 40% from its all-time high will be golden opportunity for the investors.
4. That is 2500... There are lot of supports in between but falling to 2500 is my wish.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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TCS trade ideas
Bearish Shark Pattern CD Leg to Complete for ReversalHello Traders. I have observed Bearish Shark Pattern in NSE:TCS Daily Time frame.
NSE:TCS is going to be bullish up to Potential Reversal Zone i.e. 3695-3750.
We'll have to see Buy trade till the price reaches this zone. Then Sell trade on Price action basis after reversal is confirmed.
High Volume Node levels have been plotted. They are synced with Monthly POC.
Keep Patience and trade with reversal or Breakout strategy near POC level.
Try to understand psychology of market.
If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
#supportandresistance #volumeprofileanalysis #stockmarketindia
TCS 15 Min ViewIn TCS we are seeing ascending triangle pattern. wait for the proper breakout, at the same time movement is not that much powerful, that's why we are seeing M PATTERN also, so wait for proper breakdown with volumn. This is just a view not a recommendation to trade. Trade at your own risk management.
Sell TCSSell TCS below 3133.45 with strict SL of 3184.60 for 1st Target of 3068.85 and 2nd target 3000.90.
#Reason behind the Sell is that the chart pattern and level, if we see on 1H Chart we can see there is Head and Shoulder pattern formed on hourly basis and all level according to the Head and Shoulder pattern are break down. Even the Stock tried to pullback itself in bullish rally but it failed, we can see the level of 3241.80 the stock came down form this level. if TCS break our all levels there is huge possibility it can test Fib .5 level which is 2782.10 there is lots of time for it.
Swing Time : 2 to 4 days
Please Note : We are not SEBI Registered advisor, ask your financial advisor before you invest. Trade as per your own risk and reward.
Thank You!!
Log Scale- wave iv correctionTCS is correcting in wave iv . Kindly see 38.2% correction is pending on log scale and not on arithmetic scale. This 38.2% would only be price correction . It might be wave A of a triangle . Whenever a corrective structure is completed it will be retraced by more than 0.618% for wave B of a flat or a triangle. Regards