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TCS

TCS - Pullback completed - Ready to Go upObservations: 1. Formed Triangle pattern (in this year 2021) - Support is raising with the same level of Resistance - indication to go up shortly 2. Went up shortly and pulled back to same resistance level (now turned to support) - 2nd confirmation to go up 3. Targets are specified in the charts above. Note: I'm not recommending buying this stock. This is for education purposes. Please invest after careful research. I'm not responsible for your profits/losses. - Gnanasekaran
NSE:TCSShort
by gnanasekarang
V Shaped recovery for Nifty in progress?Certainly looks like V-shaped recovery is on cards. Two key resistances in the path of V-shaped recovery are 18243 and 18343. The supports levels from the current closing price of the day are 18125 and 17957. Below that range 17494 which is 50 EMA will be major support. Bears might take control of NIFTY below this range. Three IT companies and their performance this evening will be key factor for the coming two days. Infosys results seems to be above par. Increasing COVID19 cases and Hawkish stand of US FED can spoil the recovery party. We still remain cautiously positive at this level as it has been a phenomenal run from the recent bottom of 16410 on 20th December. Will NIFTY glide ahead or halt and correct a little from here? Much depends on three super duper bumper results to be declared this evening.
NSE:NIFTY
by Happy_Candles_Investment
TCS - Price Action Analysis NSE:TCS is soon to Fill-up their gap but there is a plot. As you can see the previous day was created as shooting star candle which indicate sellers would not allow to go price further and also you can see it has touched 61.8% of Fibonacci level at 3757. So both scenario strongly says that price could take reversal. But any Gap up above 3557 leads price up to 3800 and any gap down below previous day candle leads price to 3615. BUY : Buy above 3557 or wait till if price corrects up to S1 (3614-3641) SELL : short trade might not recommended but if any support breaks you can take it or you can play reversal at resistance after confirmation candle occurs.
NSE:TCSLong
by vraj8597
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