Trade ideas
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"..
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