Tataconsultancy
TCS Breakout Regression Trend and Hit last Target - Next LevelTCS Breakout Regression trend and stock Hit last Target 2245 and closed above. TCS has more then 20MA volume since last 3 treading session
Showing BULLISH in all indicator:
CCI in Overbought
RSI near to Overbought zone
Stoch in Overbought
Higher High since 3 day
Stock outperforming from Benchmark and Sectoral Index
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Support : 2200
Breakdown : 2256
CMP : 2263
Breakout : 2277
Short Target : 2295
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(Disclaimer: This is only for educational purpose.)
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TATA CONSULTANCY By Elliote Wave.When we Look toward TCS and drawing Elliote Wave, We will get a clear picture of the price trend.
The price is under the waves 5 Impulsive.
At 1860 You see multiple time push upside price we Can consider as good support level at 1930
"EW Trade " Target 2040-2150 for long
Thanks
Tata Consumer Short Only below 350 !!The location of trading activity. At the end of the chart, on the upper right, we can see that the trading activity moves in the low part of the value area, between the control and the value low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low.
the trend is most likely to end.
Short below: 350
Thanks
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side .
Buy 337.5
SL 324.4
Manage Your Target And Sl According to Your Risk Appetite .
Happy Learning .
TCS - Expecting good bounce back TCS is currently on major / long terms support line. any break in this current level makes major fall in TCS - watch it and add to list.
Considering all global markets closed +ve yesterday, we can expect good bounce back.
Also current level 2000 (Whole number) generally act as good support levels - watch it.
Keep watching
TATA CONSULTANCY SERVICES SHARE HOLDERS SHOULD KNOW THIS!the chart is self explanatory
i know many Indians with family and kids are holding their life savings in this stock
please read this and see the obvious bear in the room
DISCLAIMER - i don't have any TCS shares..... so hopefully this analysis is emotionally uncompromising