TCS trade ideas
Simple Trade Setup | TCS | 30-12-2021[INTRADAY] NSE:TCS
Trade Setup for Date: 30-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
[ INTRADAY ] TCS LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Simple Trade Setup | TCS | 27-12-2021 [INTRADAY]NSE:TCS
All the levels and trade setup will be same as per previous.
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SWING TRADE - R:R - 1:2 - TATA CONSULTANCY SERVICE - (NSE : TCS)Potential Opportunity as Swing Trade in NSE:TCS and also predicting positive for long term investment.
TOP TRENDING LINE IS BORKEN, WAIT FOR RE-TEST (RETRACE ACTION), IF ITS SUCCESSFUL THEN IT WILL REFLECT UPSIDE AS PREDICTION
IF RE-TEST DOESNT HAPPEN THEN IT IS A FAKE BREAK-OUT
RISK TO REWARD - 1:2
ENTRY - 3685
TARGET - 3805
STOP LOSS - 3625
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #tcs #tata #riskrewardratio
Breakout in TCSCup and handle breakout in TCS on daily chart.
RSI is bullish ( above 60).
Price is above 55 EMA.
Nifty IT is making all time highs when nifty is making lower lows , so there is strong support of sector.
In last two days , there is huge increase in open interest ( long bulid up).
If it sustains above the breakout level , it can give us a good swing upto 3900.
TCSIf we see in weekly timeframe TCS after coming out from trianglre pattern gave a rally and has again comeback to the that level and has taken a support .
in weekly and daiy timeframe both there is W pattern formation and price has taken support from neck line .
Long position can be made looking at such signal .
This is just my analysis do your own analysis before taking any trade .
sell on riseEVERYTHING SAYS MY CHART
As after the bearish setup on daily time frame tcs is falling making flags pattern so triggering a selling trade may looks like going with the trend but will be a less potent trade setup we have to find a setup which is more potent will less stop loss target is 3500 because their is monthly CPR
Master candleMaster candle pattern on weekly chart. Stock has strong support at around 3400 levels with stiff resistance at 3670 levels.
New high has been formed above the master candle's high. Now closing above 3670 levels on weekly CB, longs can initiated with SL 3500 levels on weekly CB for the target of new high.
Kindly do your analysis before initiating trade.
Simple Trade Setup | TCS | 24-12-2021[INTRADAY]NSE:TCS
Observations:
1) On 1day time frame,finally it closed above 3650 level and close out from the consolidation range.
We can see major breakout level now is at 3675 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 24-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 23-12-2021 [ INTRADAY]NSE:TCS
All the trade setup remains same as per previous one.
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TCS | 22-12-2021 [INTRADAY}NSE:TCS
Observations:
1) On 1day time frame, it closed above 100DMA.
100DMA is placed at 3598.37 level.
So range of 3590-3600 will be immediate support range.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that after earlier rise in December, it has been trading in range of 3530-3650 level range. Breakout of 3650 level will give good upmove.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TCS - Bullish Structure after consolidation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.