TCS Trading within Demand Zone of ₹3980 to ₹3895.6TCS, trading at ₹3964, is positioned within its demand zone ranging from ₹3980 to ₹3895.6, last validated on July 12, 2024. This area could act as a potential support zone, where buying interest might emerge. Investors may watch for upward trends from this range as a signal for potential entries.
Trade ideas
TCS added to watchlist for technical and fundamental trackingHello traders , here is the full multi time frame analysis for this STOCK, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Buy zone tcsHead and Shoulders Pattern Overview:
The Head and Shoulders pattern is a popular reversal pattern used in technical analysis. It consists of three peaks:
Left Shoulder: A peak, followed by a decline.
Head: A higher peak, followed by another decline.
Right Shoulder: A peak that is lower than the head but similar to the left shoulder, followed by a decline.
Once the pattern is complete, traders look for a break below the neckline for a bearish Head and Shoulders (signaling a downtrend), or a break above the neckline for an inverse Head and Shoulders (signaling a potential uptrend).
Buy Zone in the Inverse Head and Shoulders Pattern:
For a bullish reversal (inverse Head and Shoulders pattern):
Identify the Neckline:
The neckline connects the two lows that form between the three peaks.
Breakout Confirmation:
Wait for a breakout above the neckline. Once the price closes above the neckline, it signals the potential beginning of a bullish trend.
Buy Zone:
The buy zone is typically set right above the neckline or on a pullback to the neckline after the breakout.
Target:
The price target is usually the distance between the head and the neckline, projected upwards from the breakout point.
Stop Loss:
Set the stop loss just below the right shoulder or below the neckline, to protect against false breakouts.
Bearish Head and Shoulders (Sell Zone):
For a bearish reversal:
Neckline Identification:
The neckline is drawn connecting the two lows that form between the shoulders.
Breakout Confirmation:
Wait for a break below the neckline, confirming the bearish breakout.
Sell Zone:
The sell zone is typically set right below the neckline or on a pullback to the neckline after the breakdown.
Target:
The price target is the distance between the head and the neckline, projected downward from the breakout.
Stop Loss:
Set the stop loss just above the right shoulder or the neckline to avoid getting caught in false breakouts.
Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%.
• Key Levels:
• TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level.
• TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached.
• Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart.
• Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point.
• Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend.
This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.
TCS next moveTCS next move
CMP has triggered on demand area if its powerful demand we can expect a next target of 4600 and above
if its breaks bellow 41200 we can expect 3950 near by
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
TCS looking for gap area to fillTCS made high 4565 in day timeframe and Possible made 5 impulse wave inside the 3rd wave.
now expecting consolidation for 4th wave to fill the gap of 4340--4300 in short term
Whereas breaking of trendline will give more weakness towards 4000
MACD giving negative diversion.
Link given for previous post for detailed analysis where it achieved 3rd wave target.
Disclaimer : study is only for educational puspose. I am not SEBI registerd .
TCS, Infosys, and Wipro Among Top NIFTY Losers: Here’s WhyTCS, Infosys, and Wipro Among Top NIFTY Losers: Here’s Why
The Indian stock market recently witnessed a sharp decline in several major IT stocks, with Tata Consultancy Services (TCS), Infosys, and Wipro emerging as top NIFTY losers. These tech giants, which have been consistent performers in the NIFTY 50 index, faced significant sell-offs. The question is: What’s driving this downturn in IT stocks?
Reasons Behind the Decline
Global Economic Uncertainty
The ongoing global economic challenges, including fears of a global slowdown, rising interest rates, and inflation, have led to cautious investor sentiment, especially in export-driven industries like IT. Since a large portion of Indian IT companies’ revenues comes from international markets, any global economic slowdown can directly impact their earnings.
Weak Demand for IT Services
There has been a noticeable slowdown in demand for IT services from key sectors such as banking, financial services, and insurance (BFSI) and retail. Companies in these sectors are cutting back on IT spending due to tighter budgets and economic uncertainty, leading to a reduction in new IT contracts for major firms like TCS, Infosys, and Wipro.
Concerns Over US Fed Rate Hikes
With the US Federal Reserve hinting at potential rate hikes, the IT sector is under pressure. Rising interest rates tend to strengthen the US dollar, which can hurt the profitability of IT companies that derive a large chunk of their income from US clients. Moreover, higher rates could slow down the US economy, affecting client budgets and demand for IT services.
High Attrition Rates
Another major issue plaguing IT companies is the high attrition rate. Talent shortages and increased competition for skilled workers have led to a rise in employee costs. As TCS, Infosys, and Wipro struggle to retain talent, they face increased wage pressures, which could hurt their margins.
Profit Booking
Indian IT stocks have enjoyed strong gains over the past few years, making them a popular choice for investors. However, after such a long rally, there has been significant profit booking by investors, further contributing to the decline in stock prices of these companies.
Stock Performance Overview
TCS: As one of the largest IT companies in the world, TCS saw a dip in stock prices due to concerns over global client spending and the uncertain macroeconomic environment.
Infosys: Infosys, a key player in the IT industry, faced similar issues, with demand softness and high attrition rates weighing down investor confidence.
Wipro: Wipro’s stock performance has also taken a hit as the company battles with lower client budgets, weaker demand in key markets, and higher employee costs.
Sector-Wide Concerns
The IT sector is particularly vulnerable to global macroeconomic factors due to its high exposure to foreign clients, especially in the US and Europe. With inflationary pressures and potential economic slowdowns in these regions, IT firms are experiencing deferred project spending and reduced IT budgets. This has led to lower growth expectations for the sector, causing investors to re-evaluate their positions.
Conclusion
While TCS, Infosys, and Wipro have a strong long-term growth potential, they are currently facing headwinds due to global economic uncertainties, demand softness, and rising costs. Investors are now adopting a cautious approach, which is reflected in the sharp sell-off in these IT stocks. However, long-term investors with a higher risk tolerance may still view these declines as a buying opportunity, considering the strong fundamentals of these companies.
It will be important to watch how these companies navigate the current challenges and adapt to the changing economic landscape in the months ahead.
TCS Market Position:TCMarket Position: TCS is the largest IT services
company in India and one of the top 10 IT services
companies globally, with a market capitalization of
over $150 billion.
Revenue Growth: TCS has consistently
demonstrated strong revenue growth, with a
compound annual growth rate (CAGR) of over 10%
in the last five years.
TCS // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
TCS (Tata Consultancy Services) on a 1-hour timeframe,
Support Levels:
₹4,420
₹4,400
₹4,380
Resistance Levels:
₹4,460
₹4,480
₹4,500
Trend Analysis
Current Trend: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the price action over the past hour or several hours. This can be determined by looking at the direction of the price movements and trendlines.
Draw Trendlines: Connect recent highs or lows to visualize the trend. An upward trendline would connect higher lows, while a downward trendline would connect lower highs.
TCS // levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Employee categories
TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively.
Current Price: 3,520.75 INR
Day’s Range: 3,510.00 - 3,540.00 INR.
Key Support and Resistance Levels:
Support Levels: 3,500, 3,480, 3,460
Resistance Levels: 3,540, 3,560, 3,580
TCS Hold 1 or 2 weeks
Entry @ 4450 to 4455
Risk 15 points
Target 1:5 and 1:8
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
TCS Caution while Trading Divergence MoveHello Traders,
As we all know the Current trend of the IT sector is bullish & as we can see TCS making new highs.
But will the breakout move sustainable or not.
On the hourly chart there was a Strong volume on Last 2 hours of Friday session.
Is it a Volume trap shown to us or something else is Cooking inside. Dont just rush to trade TCS on monday.
Just wait for the confirmation for the breakout levels to be Retraced on higher timeframes.
Thank You
Prince
TCS Swing TradeHello Traders,
As we all know Pharma, IT, FMCG is driving the market right now.
As the sector is bullish, just keep an eye on TCS about to make Fresh Highs.
Volume confirmation seen on Last 2 hours of Friday session.
Once breaks above resistance plan for a swing trade with LOW RISK & HIGH REWARD.
Educational Purpose Only
Thank You
Prince