TCS trade ideas
TCS - Bullish Swing ReversalNSE: TCS is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
Preempting Move .Expecting a Good Green Candle for Today which should Close around 3310 and then expecting so more up move for this month which can extended up to 3363.
please Asses your risk before entering the trade.
Preempting the candlestick pattern...
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short Tata consultancy servicesNSE:TCS has formed a double bottom pattern. But it had not given the breakout It's still below the neckline. And the volume is also low as well as the 50 moving average is downwards direction. The 50 moving average is working as a resistance right now. So it's good time to take a short position.
target 3101
stoploss 3237
Review and Trading plan for 17th AprilNifty future and banknifty future analysis and intraday plan in kannada.
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Flag and pole in TCSPrediction : Flag and pole are in the making in daily charts of TCS near an important support. Trade in the direction where it breaks. Less confident on the sell-side as there is another support very nearby. Swing trade on the buy side if the flag is broken on the upside.
SBIN and Bandhan bank predictions by me were spot on.
TCS READY FOR BREAKOUTTCS has formed an inverted head and shoulder pattern and has also broken the horizontal resistance. we can expect a good upside momentum and it can be taken as positional equity
low risk strategies such a bull put spread can also be explored
Note: this is for educational purpose only
TCS 1D 13TH MARCH 2023NSE:TCS
lets see it was in uptrend till 16th feb 2023.
but when below 3476 its in downtrend.
if buyers have energy then they will
uplift market
from 50% fib level.if they didnot ,
sellers will attack to take it downside.
it reversed from 60 % level,
it means buyers tried and did their work,
but again sellers are attacking .