TCS
IT STOCKS - Start of another leg of bull rally? - ANALYSISThe analysis is done purely based on chart patterns and price action.
The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks.
As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline.
Thereafter the price gave good breakout and came down to retest the levels.
This can be a signal another leg of bull rally.
Targets are determined with the help of Trend-Based Fib extension tool.
Traders must check for signals of reversal before entering into any trade.
This analysis is just for study purpose and to show beginners how to analyse a sector and its stocks.
This is not a trade recommendation. Traders must trade with their own risk and money management.
TCS chart analysis-
INFY Chart analysis -
WIPRO chart analysis -
HCLTECH chart analysis -
Feel free to comment for any suggestion or query regarding price action or chart analysis.
TCSTCS, 15 MIN CHART
Can go towards 3275, and 3338
Stoploss below 3180
Disclaimer
I am not SEBI REGISTERED Analyst
My Studies are Educational purpose only
Consult with your financial advisor before trading or investing
Shorsell blo 3187
Tgt 3128
Book profit as per your risk and reward ratio
Don't wait for entire target.
A short on TCS will make my kitty GreenA formation of M pattern breaking down the Bull Flag is seemed to be formed which can witness us to take profit at the nearest gravitational BLACK LINE
Go long at current price, SL is close below 11.4, PT 14-15Clear breakout with good volume, retest at small volume
Infosys - All poised a decent correction ? Stay cautious I usually prefer a 3-hour time frame chart to understand the longer trend of the stock.
IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again.
Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index is also looking to bottom out in near time :)
Infosys can correct till 1020-1050 in near short time :)
TCS is bullish should buy from daily trendline supportTCS is bullish should buy from daily trendline support
Nifty it index viewNifty it index given upside break out after a correction.
Many stocks like Tcs, Mindtree, Infy, Techm and other stocks also given break out or ready to break out. Buy on dip simple.
TCS 2.0Nice chart formation, and a consistent move in the channel. After some consolidation looking good for 3K this time !!
TCS - Reverse Head and ShouldersTCS has been respecting the range proposed in the last idea. Still waiting to see closing above 2744 for a significant upside.
However, we can see formation of a reverse head and shoulders pattern at the resistance line of 2744. This means a breakout on closing basis shall take the stock up fast.
TCS - December of Sideways MovementAfter a commendable run post good results and buy back. TCS has moved back into its upwards channel and is not consolidating with support of the gap created on Buyback news.
December month is good option to sell calls of 2750 and take long positions on closing above 2750 for 3000 levels.
TCS Long Swing Trade - Bullish Flag in 1 hour chartHi Swing Traders,
Good TCS bullish flag structure. Possible 5-6% Target with a small Stop Loss of 2%. More explanation in the chart
I hope you will benefit from this knowledge.
-MetaVish
TCS - Breakout & Retesting (Bull Flag & Double Bottom) - SwingThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
TCS viewAfter a big run TCS paused for some time. And didn't close in weekly candle below 2650. Now it's looks like to ready for another break out in chart and RSI. If close above 2680 in 1 hour candle buy simple.
