ShortTcs closing below 3630 and sustain for 1hr will take it further down
Target 3609, 3595
Sl -3637
For intraday use only
TCS trade ideas
Swing Opportunity in TCSGo Long above 3548.1 for Targets of 3660.2, 3772.3, 3884.4, and 8880.5 with SL 3436
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this there is a gap which the stock may try to fill.
TCS (Watching)-A bullish closing above 3700 can take it higher levels 3900+. If it fails to sustain, then 3500 can be a likely target.
-Look for volumes and overall market outlook
/* Just my thoughts. Not a trade recommendation */
TCS may test necklineTCS has formed double bottom at 3390-3405 and it is now facing resistance at 61.8% FE level (July 28 Lows - Oct 8 Highs).
It may retest the neckline which is also at 50% FE level before taking upward move.
TCS - Swing OpportunityTCS is bouncing from the Trendline, if the broader markets hold - this can be a good positional trade opportunity.
TCS Cmp 3578 dated 1.12.2021TCS Cmp 3578 dated 1.12.2021
1. Rectangle Box BO @ 3575
Buy for a tgt of 3605-3630-3675-3700-3750 SL 3530
It is just a view, pls trade at your own risk.
TCS double bottom b.o. upmove observe to learn understanding risk associated with market
learn this upmove by confirmation of techno funda at ur end .
TCS Retesting the breakout Buy TCS at CMP:3500-3520
Target : 3600/3650
Stoploss: 3475
disclaimer: do your own Research before investing, trade on your own risk.
TCS - Ascending Triangle & Darvas BOTCS - Ascending Triangle & Darvas BO
not a recommendation for learning purpose
TCS AT IMPORTANT LEVELTcs has taken trendline support + previous resistance has been made a support zone.
If it breaks above 3555 then it looks good for the above marked targets.
RSI is at GOOD LEVELS
MACD is BULLISH
BUY ABOVE 3555
TARGETS ARE MARKED ABOVE IN THE CHART.
SwingWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
tcstcs also looking good for short my entry was near the support hoding with gains still looking good
TCS Swing TradingHi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
W pattern formed with Volumes, ready to go longTCS-W pattern formed in daily time frame with Volumes, Can take long position at CMP. Target minimum 10%
TCS(Daily TF)TCS Is following a trendline and Now taken Support over it.
Currently it is forming a Double bottom kind of pattern So we can take a entry after stock sustains above 3585.
Target for this trade can be 3700 or can take as per Fibonacci.
Bearish Flag patternTCS has formed bearish flag pattern on daily chart. We expect negative breakout. However, there is no substantive negative trigger to cause it except the potential threat to revenue in EU region due to Omicron variant of concern.
