TCS under symmetrical triangleCHART -> TCS DAILY SETUP
Keep an eye on TCS as it is trading under a symmetrical triangle in daily timeframe, with upper trendline as resistance and lower trendline as support.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Trade ideas
TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops.
Acceleration of wave (5) can give the move up to 4080 .
TCS Pre-emptive Cup and Handle Target 4600• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3%
• Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame
• Recent announcement of buy back at 4500/shares can support the momentum
• Currently the stock is in formation of Cup and Handle patter on weekly chart, which expected to complete the pattern by March’22, after consolidation of ~7 months
• Upward momentum is expected to pick up post Q4FY21 and stock is expected to rally till 4600+ levels in Q1FY22 to Q2FY22
One can pre-empt the handle formation of the pattern and enter in to long trade at CMP or on dips till 3625, for the target of 4600+ in next six months.
If stock closes below 3600 on weekly basis, the view will get negated.
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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TCS SWING TRADE(1-FEB-2022)Swing Trade(1/Feb/2022)
TCS - Ready for an bullish move.
Price Action Analysis - TCS is taking major support at the same level for several times in daily candle and ready for breakout upside with confirmation form 200EMA.
TCS(1-Feb-2022)
Buy - 3800
Target - 3850, 3900, 4000
SL - 3750
The Finwiser 📈📊
YR 2022 Idea #7: Long on TCS This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TCS GOING TO HIT AGAIN 4000 SOONOn the daily chart, the Share holds a major support level at 3750 with good volumes. If he holds it and momentum continues as per the chart then it going to test again at 4000 levels in the near future. Also, Rounding Curve is showing if he breaks level 3930 and holds it.
Short term target is 4000 from the current level
Long term target is 4200 in 6 months






















