TCS trade ideas
STRATEGY: RETEST - TCSTCS broke key level 3409. It perfectly retested the resistance level in triangle pattern. Now this can act as support.
Note: But volume is decreasing. The retest reversal will not be aggressive. It may be slower.
Buy @3530 to 3535 (when @3520 small support is broken.)
Stop loss @3370 (-4.37%)
Target @3887 (+10.5%)
RR: 2.33
Do You Buy after Good result in a stock? Must See this - TCS.STOCK MARKET MYTHS -
There are many misconceptions people have about how stock market works and how it actually works. In this series we burst these myths or clear misconceptions so people can make wiser decisions in trading/investing.
Myth Number 1- A stock will go up after good result.
Reality - A stock may fall big even after very good results. Taking decision based on this information give you no edge and you will loose over long term. Big market picture is always given highest priority and buying/selling decision should be taken on this.
Example - TCS , declared results on 8th October, 29% PAT, good results. Next day - instead of up move fall of 7%.
I too had this misconception earlier so please comment if you too thought same now or at some point of time. :)
Learn price action and trade wiser.
TCS Trend AnalysisTCS Noticed a hefty correction from its 52W high levels of 3989 after a strong rally and created and according to Fib levels, it's showing a bounce back from 3385 levels.
Additionally, it has been following its long-time support as displayed as the green trend line.
There seems to be a strong rally coming in IT stocks since they've corrected quite a bit. A good idea to buy on dips.
Please consult your financial advisor before making any decisions.
TCS LTD (SHIORT TERM BUY CALLMy best pick on TCS @3500
One can Take long Position in this Above @3500 SL 2750 Target 3700++3900++4000+ SL 3250
Reason::: Daily Strong Trendline Support level :::RSI Near 30-35 Level:::Bit oversold
This Trade Has Low Risk and high Return Possibility
This call is just for study Purpose. Do invest at your own Risk ..
STAY SAFE : Stay WEALTHY:::
SUPPORT AND RESISTANCE WORKS VERY WELL - EDUCATIONAL PURPOSEOnly for Educational purpose.
This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of bullish candle pattern is seen in lower time frame like 30 minutes or in hourly then it could be an opportunity to go long after checking all parameters are aligned or not for trade, with stop loss of last swing low, don't jump directly to buy, do your own studies these types of scenarios on regular basis, check how they works check the probabilities of price directions or price actions. as per previous price action targets are mentioned and stop loss is also mentioned.
Thanks.
Support and resistance view
Parallel channel view along with 200 dema
Morning star candle pattern
Stop loss and targets are mentioned in chart
Disclaimer.
I am not a sebi registered analyst
My studies are for educational purpose only
Please consult your financial advisor before trading or investing
I am not responsible for any type of your profit s and losses