TCS trade ideas
READY TO BOUNCE BACKTata Consultancy Services Limited
On the weekly chart, the stock has witnessed strong bounce back from its earlier breakout zone of 3400 levels
Rising volumes at breakout zone implies increased participation
On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Friday
The stock is well placed above its 20, 100 Day SMA which reconfirms upside momentum
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
indicate an upside of 3700-3750 levels
TCS has fully correctedHey Folks,
It is forming hammer near 20 EMA and took support from trendline.
Aggressive trader can buy from here as SL will be smaller and conservative trader can buy after confirmation on daily timeframe. On D TF if is breaking 20 EMA you can long conservative ones.
thanks! NSE:TCS
TCS share price target technical analysisTCS share target price target one in the TCS share will be 3950 rupees.
Similarly, as per the Fibonacci retracement in the share market in the stock market TCS share target price is 4500 hundred rupees.
Here resistance become support on daily/ weekly timeframe .
TCS share news price target technical analysisTCS share target price target one in the TCS share will be 3950 rupees.
Similarly, as per the Fibonacci retracement in the share market in the stock market TCS share target price is 4500 hundred rupees.
Here resistance become support on daily/weekly timeframe.
TCS is trying to make "W" pattern on daily time FrameNSE:TCS
TCS is trying to from a "W" pattern on daily time frame. Looking good for long position.
Current Price: 3505 rs
Good Entry Point: 3400 - 3480 rs
Target: 3700 rs (1st) - 3900 rs (2nd)
Stop Loss: 3375 rs
RSI: 60 (Not in over brought zone)
Probability: Positive for Long position
Risk Reward Ratio: 1:2
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
TCSThe stock has given a good rally after the breakout of triangle pattern but now the stock has retested the upper trend line of triangle pattern and started to move upwards again enter only there is some confirmation like a bullish momentum candle with good volume and place a strict stop loss as per your entry.."EDUCATIONAL PURPOSE"..