Inverse head & shoulder in TCS 1W TIMEFRAMETcs is ready for another bull run acc to the pattern we can see its a inverse head and shoulder which is bullish in nature
We already got the breakeout and its ready to make a new high
TCS trade ideas
TCS C&H pattern seems completed- Target close to 5163TCS has completed long term correction phase as well as completed C&H with depth of around 1100 points with neckline around 4041 so that gives a target around close to 200% fib retracement that is 5163.
NIFTY IT index is also near to close the C&H pattern and if that happens that will pull most of the healthy IT stocks i the rally and TCS is the leader.
I would wait for this month closing and if it closes above ~4300 (above yellow line) then the trade will be active. If stock moves higher then would buy like to buy on retest.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
TCS flag & pole, inverted head & shoulder view- reached pole & flag resistant line waiting for breakout
- reached inverted head & shoulder neckline waiting for breakout
- 3 white soldiers candle formed by following last 3 weeks of trading season
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
TCS SUPPORT AND RESISTANTTCS turned bearish reversal
3950 - 4000 is the resistant area and if it sustained above this area bullish pattern may continue
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
TCS 150 week Cup And Handle was forming on weekly basis.Approximately 150 week Cup And Handle was forming on weekly basis.
Company with quarterly results and just crossed last high of January 2022.
Cup with handle weekly basis with perfect volume.
TCS BULLISH VIEWTcs looking like bullish
It is farmed head and shoulder pattern
channel pattern also saying its moving up side
circuit also re-tested
20 ema also good supported
stops loss also very small
results also good
Entry @CMP
Stop loss@3884
1st target@4120
2nd target@4250
so please keep TCS in your watchlist for short term investment.
If you like my view, do support it with a boost which is valuable inspiration for me to post ideas like this in future. thank you friends!
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
TCS - The IT giant is ready to hit 5000!!Price Analysis & Overview:
1. Buyers are dominant.
2. Good trendline bo candle formation.
3. Overall sector is turning bullish.
4. Expecting it to outperform.
5. More volume strength will be better to push the prices faster.
6. Above the 4000 mark prices will show fast momentum...
Trade Plan:
1. RRR is superb.
2. Small Sl of 6-7%
3. Target = Expecting minimum 20%+++
4. Entry = CMP
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TCS & Just Dial - Getting Ready for a Bull Run
After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock.
Subsequently, the stock entered a downtrend until the price found support near the 2,900 level.
Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level.
After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase.
If this breakout sustains, we may witness a further price rally in the coming days.
The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards.
After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards.
The stock price found support around the 520 level after a significant drop and started climbing.
An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal.
Following the breakout, the stock price moved upwards but faced resistance at a previous level.
After a brief pullback, the stock price successfully broke through the resistance and continued to climb.
TCS all time high break outTCS at a all-time high.
buy - 4300
target - 5%
SL - 5%
follow risk reward
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
TCS 1HRINTRADAY / SWING TRADE
- EARN WITH ME DAILY 10K-20K –
TCS Looking good for Downside..
When it break level 4169 and sustain.. it will go Downside...
SELL @ 4169
Target
1st 4111
2ND 4071
FUTURE AND OPTION
TCS JUL FUT – LOT 8 (Qty-1400)
TCS JUL 4250 PE – LOT 6 (Qty-1400) – PRICE (112.95)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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TCS - Weekly AnalysisIn the Weekly Chart of TCS ,
we can see that, it is looking very very strong and bullish.
Also, it is moving towards Inverted Head & Shoulder breakout.
Possible momentums are shown in chart.
TCS Bullish - Three White Soldiers on weekly chartTata Consultancy Services Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Price formed a Huge Green Anchor Candle with high volume on daily chart
3. Three White Soldiers pattern on weekly chart
4. ABCD pattern on weekly chart
Can be a good buy on dips and dips only with major support near 3800- 3900 zone being 50 -200 SMA zone
CAUTION : Stock is trading at 16.7 times it's book value, but it's PE is 31.81 against industrial average PE of 32.98
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
TCS ATH + BO LongDate : 13-07-2024
-------------------------------------
BO + ATH RESEARCH TO OBSERVE
TCS Looks Good ABOVE 4211
SL 3603
Target 4483, 5027, 5570
Hold few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
TCS ATH + BO LongDate : 13-07-2024
-------------------------------------
BO + ATH RESEARCH TO OBSERVE
TCS Looks Good ABOVE 4211
SL 3603
Target 4483, 5027, 5570
Hold few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
TCS long term buy given at 3790 3 Target hit enjoy massive profiDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TCS Bullish Hourlyvery clearly mentioned in chart of levels as per index and stock relative performace is matching i see a upside move in coming days just a view not a reco...
TCS BreakoutNice breakout from downward channel, Price breaking out from 20-50-200 sma. TCS looks ready to break its ATH and move to new pastures
TCS: Expectations post Q1 resuts APRIL 24 - JUNE 24Post Q4 FY 23-24 NSE:TCS was seen trading beween 4029 and 3557, bullish momentum was seen from 3557 to 4029 i.e +438 points 12.20 %.
With positive Q1(April24 - June 24) result posted, 4029 need to be taken out for further bullish momentum.
TCS BREAKOUT & RETEST SWING TRADETCS in A Very Bullish zone.
Breakout of Last month resistance & retested the previous levels.
Above 50 ema & bounce back .
Plan for a swing Trade for good results.
Bullish signals in TCSTCS took support and bounced back with a significant bullish candle. This support level was once a weekly breakout point.
Additionally, TCS found support on a long-term weekly trendline and rebounded strongly.
Furthermore, TCS has recently confirmed a breakout from a short-term trendline.
These technical developments suggest potential bullish momentum ahead for TCS. Keep an eye on further price action for confirmation.
VIEW ON TCSGood breakout on the stock
Can buy after crossing 3943 levels
Target 4100
Stop loss 3900
I am just representing my views
For educational purpose only.
