Intraday Long Opportunity in TCS.Long Opportunity in TCS for an intraday trade.
Reasons:
1. Breakout/Price sustaining above psychological level of 3500 will be a positive sign.
2. 200 EMA Support
3. NASDAQ currently at it's 200 EMA support on daily timeframe and should take a healthy bounce from here
NSE:TCS
TCS
TCSNSE:TCS
In case of Gap down , pls ignore.
Risky Trade ! So don't bet a lot.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
How to Spot next leader ? Ideas for Swing Sector Leader : NSE:CNXIT
Relative strength compared to Nifty 50 - NIFT IT clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while IT is on uptrend.
Now look for stocks which have better chart pattern than NIFTY IT. Some examples. These are going to perform better once NIFTY 50 turn positive
1) NSE:PERSISTENT
2) NSE:KPITTECH
3) NSE:SONATSOFTW
4) NSE:TCS
WORST IS OVER FOR INDIAN IT SECTOR As we can see that given chart the IT sector as form very good base , with bull sash candlestick pattern on last month low with fibonacci retracemet also at that same level suggest how important that level is for price.
Bull sash is very pwerful bottom forming candlestick pattern with high success rate.
As last week was bearish but this week price gapup plus give closing above previous week high.
I suggest to buy top it sectors stock with IT Bees as it is good to accumlate the stock for longterm perspective
TCS - Great short at 3430 It will give slight breakout of trendline and fall from the previous supply zone
Goes ex dividend at same time
Follows Trendline
Overbought on RSI
Slowing volumes on uptick
Matches Global Weak outlook
SL 3449 (-19)
Tgt 3200 (+230)
Caution : FNO can cause heavy losses on bad position sizing. Do your own research before taking trades. Not a registered analyst.
BTCUSD range trading 1h timeframe (NEW)Bitcoins is about to retest resistance again. We expect that it will breakout this time. Targets are shown on the chart.
How to trade: enter long position only when/if it breaks out the resistance.
If it gets rejected you can buy at the support (red line) and place the stop loss.
#CARBORUNIV #ORIENTABRA #WENDT #GRINDWELL #HEG #WHIRLPOOL #TWL #CARBORUNIV
NSE:CARBORUNIV
CMP: 885
TP: 1050
SL: 828
TF: <6m
RR > 2.8 times
Return 18%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#MtarTech #MINDTREE #LTI #LTTS #INFY #TCS #CNXIT #WIPRO #COFORGE#MTARTECH
NSE: MTARTECH
CMP: 1737.80
TARGET: 2200
SL: 1550
RR: >2.5 times
Return > 26%
Timeframe: <6M
CAN BREAK ALL-TIME HIGH IN FUTURE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
TCS - Short Term viewTCS is currently travelling in the upward channel. It may go up until it breaks the bolded trendline. In case it breaks, it may come down ~ 3280 - 3300 by end of this expiry
Incidentally, 38% of retracement from Jan 22 fall comes arond 3358. Closing above may lead to ~3500 which is at 50%.