TCS Intraday ViewLong above 3166, Keep trailing profits as per the resistances mentioned. SL - 3120
Short Below 3128, Keep trailing profits as the supports mentioned. SL - 3170
One can also do scalping with the help of support and resistances mentioned.
NOTE: Please wait for the market to settle down once it opens. Don't just jump into any trade without understanding the trend
Tcstrend
TCS Trend AnalysisPrice is now at key support level.
Though the fundamentals are good, valuation is at a higher side.
Expecting IT INDEX to fall another 17% towards 25500 level, which may drive it low towards 2750 level.
Trendline support will provide confluence at that level.
Its better to accumulate around 2700-2800 level for the following targets:
1) Short term swing target @ 3400 (23.5% ROI with 3.25 R:R)
2) Medium term swing target @ 4000 (45% ROI with 6.25 R:R)
3) Long term positional target @ 5300 (92.5% ROI with 12.75 R:R)
Stop loss optional @ 2550
Do your own due diligence before taking any action.
Peace!!
TCS trade set-up for short term | Long TCSHello traders,
India's Biggest IT company- TCS is a great stock for long term. Stock's behaviour is good for trading. Currently TCS trading on weekly support. It can be bounce back from here. We will get buy side entry on this stock(with great risk reward ).Levels and logic behind the trade explained on the chart.
Buy above:3645
Keep SL:3665
Targets:3740/3825/4000
Educational purpose only.
TCS HARMONIC LEVELS FOR POSITIONAL TRADINGTCS is currently in a correction mode, and it is likely that we may see further weakness in the stock, and stock could move lower to 3400 to 3200 levels in the near term.
This is a great stock for Investment and for positional trading also.
I can see butterfly pattern formation on its daily chart, which is suggesting a good support area around 3400 -3367 levels and at 3180-3208
Stock can be bought in tranches as both of these levels can be seen in the stocks.
Disclaimer: Not a recommendation to trade.
TCS 1DTCS currently at the bottom of a crucial zone. It can give a good move either side.
If it breaks down expected target can be around 3100.
If reverses from this zone one can expect a target of 4050+
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
BUY TCS AROUND 3380-3400 AVG @ 3315 TGT 3600/3900/4300 SL 3175 After missing the estimates in the second quarter, it took a healthy correction of almost 18% from the high and currently very near to 200DMA point which will be acting as a support for the stock, It is a high time for adding the stock in the portfolio after such a healthy correction for the above mentioned target with given stop loss.
TCS Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
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Short Term Cash Buy TCS @3153.00-3156 SL 3101 TGT 3240It broke 3124(R1) and now about to break 3168(R2).
MACD cross at 3122, RSI indicates more upside.
TK cross over at 3088 on hourly chart.
Ichimoku cloud break out at 3101 and look set for getting close to nest resistance 3256 which is close to our TGT.
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.
R-0210 TCS about to break R2 2374 next resistance 2490 GO LONGShort Term Cash Buy TCS @2360.00-2367.7 SL 2313.7 TGT 2449(Short term trend remains positive)
Last time we did 2285->2360 and booked good profit, it is continuation of short term trend.
Above VWAP and about to break R2 2378-2383 once it breaks it convincingly can see upside in the range 2450-2490.
MACD cross over + TK cross over + folloed by ichomoku cloud break out