TCS
Weekly Analysis on TCSThis is my weekly perspective on TCS.
If the resistance is broken then expecting a good movement.
Only for educational purpose.
Also let me know your view on this post.
TCS Long Trading SetupNeed to settle in channel
Adding some stock here
Below 2100
Stop : 2000
Target : 2200 , 2300
Pair - Bearish Infy vs TCSThe pair ratio has hit the resistance level - slightly downward sloping trendline of highs in last 2-3 years
Similarly, RSI has also hit the resistance level.
Good level for reversion towards 0.360
TCS Long Target done all target done successfully and now price at resistance will take some time to clear above zone
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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TCS shortTCS trading in a channel and it touched at its high,could take short position with sl 1.5 ATR wid trgt 2 ATR
