TCS - A Level to watch out forAt strong Support Levels
Risk to reward looks excellent
View negated below 3370
TCS trade ideas
TCS Reversal can be seen from here ???TCS Now there can be reversal from here.
Buy range 3400-3450
Targets 4000
Period : Medium term
TCS LONGIT Sector looks strong now.
TCS gave a breakout following by a good upmove and now retracing back to breakout levels.
Good time to add keeping 3600+ as targets.
SL being 3418
FOLLOW FOR MORE AMAZING IDEAS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS...
TCS is still facing some weakness. It can again show 3450 levelsNSE:TCS tried to cross it's 50 DEMA but could not succeed. It might consolidate here for sometime or can show 3450 levels again. And 3450 levels can be considered as demand zone.
TCS Longterm viewNow at a crucial support both trend line and according to fib retracement. seeing good upside move of 30%+
Retest Complete - TCS Here Comes a new idea and this time Its a well known large cap... TCS.
Refer All the notings in the chart.
Very Small SL of 3400.
Target Shall be New ATH, but it demands sheer patience.
Please Do Like & Comment.
TCS - Near Support - Bounceback ExpectedThe stock touched the support line today and has shown a minor bounce back.
Trade can be initiated with a strict stop loss of 3440, it offers a good risk reward ratio.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
CMP 3498, coming to take support at previous resistance.Lot Size 300, can be added near SL 3305 for a target 4000.
TCSTCS Coming back to Retest Breakout Levels
Good Support near 3400
May be one can buy near it for short term bounce.
Lets see how it reacts, Keep an eye.
TCS coming to strong buy zone TCS is near to its support & may show reversal from here after a correction. keep eye on nifty IT if nifty IT show some strength in upcoming sessions TCS may give a good trade.
TCS headed towards Support ZoneTCS has corrected more than 10% from ATH and is now moving towards a zone which should act as a good support, any signs of reversals from here can be seen as a good opportunity to go long. Let's see how it works out
SIP between CMP to 3255 TGT 3700 (Short term) 4000 Long term Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TCS is showing signs of bearishness TCS is showing signs of bearishness..
Reasons/Traits :
• Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%)
• Daily Trend far away from 200 EMA
• Uptrend is in pause mode
• Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind of pattern is seen indicating chances of downtrend)
• Doji is formed at the top of the uptrend (Trend uncertainty)
• Bearish Engulfing pattern is seen (chances of downtrend)
• Volume is decreasing
• RSI, Stoch and MACD in overbought zone
• ADX is 53 (indicating very strong trend)
• Fib level retracement (from 25th Jun) crossed 2.618 levels and last closing candle is exactly at 2.618
• Current uptrend (from 28th Jul) retracement need to happen for a healthy uptrend
What can happen next :
Scenario 1 : Price lower than 3808 leads to 3700 to complete retracement of 0.236 levels and move up for a strong uptrend. It can also make a higher low (for the current wave uptrend) till 0.5 or 0.618 levels before moving up.
Scenario 2 : Price going up above 3877 can test 3.618 levels (4080)
3350-3380 levels is very strong support zone. Let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
TCSApproaching a major support, if this holds can form base.. will look for long once good green candle forms
TCS Analysis - Good Opportunity to Buy?I've shared the trade setup for TCS which will help you plan your trade better.
TCSHopefully TCS completed correction now and from here will start going up on impulse mode. this entry point has a minimum stoploss to have good risk reward ratio
TCS for a buyKeep it very simple, TCS buy call from 3500.
As TCS has corrected almost 10% and ever time the stock corrests 10% then it gives a good upmove. There is a strong support around 3300 so start buying from next week in small quantities.
