BREAKOUT TCS📊 Script: TATA CONSULTANCY SERV LTD
📊 Sector: IT
📊 Industry: IT - Large
Key highlights: 💡⚡
📈 Right now the stock is in upward movement as per the daily charts from Aug 14 2024 with key support levels at 4460(S1) and 4390(S2) and resistance seen at 4592 being 52 week high. RSI is in overbought category will look for divergence in case of pattern reversal. Stock is trading above 50 and 100 days EMA.
📈 As per 15 mins chart the stock is trading in the range of 4460 and 4560 testing resistance again at 4560 on closing basis on Aug 30 with high high volume green bar. RSI is bullish and not in oversold category. 50 day EMA of 4534 is acting as crucial support.
⏱️ C.M.P 📑💰- 4553.75 entry at 4500
🟢 Target 🎯🏆 - 4800
⚠️ Stoploss ☠️🚫 - 4350
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Trade ideas
TCS BULLISH BREAKOUT ON DAILY BASISTCS IS BULLISH IN THE chart and can be seen for more up trend 4632 reversal from 4432 can be support for the tcs.
target for upside can be 4632, 4955 in coming future.
stoploss can be 4363 those who are entering after reversal from 4432 so after breakout of 4565 can be upside more promising.
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TCS Breaks OutTCS Breaks Out of Inverse Head and Shoulders Pattern: Bullish Momentum Ahead
Tata Consultancy Services (TCS) has formed a classic inverse head and shoulders pattern, a well-known bullish reversal indicator in technical analysis. This pattern typically signals a potential shift from a downtrend to an uptrend.
The structure of the inverse head and shoulders pattern is characterized by three distinct troughs: the first and third being the shoulders, and the middle, deeper trough representing the head. The neckline, which connects the peaks between these troughs, serves as a key resistance level.
Recently, TCS has successfully broken out above the neckline, confirming the bullish reversal. This breakout indicates a strong potential for further upside as the price momentum shifts in favor of the bulls. The breakout is often accompanied by an increase in volume, further validating the strength of the move.
With the price now above the neckline, TCS could see a continuation of the uptrend. The measured move from the breakout can be estimated by projecting the height of the head from the neckline upwards, which suggests a significant upside target.
TCS
TCS is showing strength on the daily chart, with the stock finding support at the 20-day Moving Average (MA) and resuming its upward trend.
The stock closed with above-average volume, indicating strong buying interest.
TCS is exhibiting relative strength, outperforming the broader market/index, indicating its stock strength is improving compared to the overall market.
TCS Set for Major Breakout as It Tests Key Resistance Levels
✅ **The stock** has been trading within an ascending channel supported by a strong 4.6-year-old trendline, indicating consistent bullish momentum.
✅ **Recently, TCS** is testing a crucial 3-year-old resistance level at ₹4300. A breakout above this level can signal the start of a significant upside movement, potentially leading to new highs.
✅ **The 100 EMA** is acting as strong support, helping to maintain the bullish structure. The stock remains above this key moving average, which aligns with the lower trendline support, making it a solid area for accumulation.
✅ **Watch for** a breakout above ₹4300. If TCS sustains above this level, it may rally further.
Tata Consultancy Services Ltd.(EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
Tata Consultancy Services Ltd.
TARGET RS 4500
CMP RS 4295.25
ENTRY RANGE RS 4250-4340
STOP LOSS RS 4180
Disclaimer: I am not Sebi Registered.
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 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.