TCS trade ideas
TCS touched its bottom, NOW go bull!!tcs has touched its bottom, as you can clearly see in the chart.
i have even said about macd which is also saying to go bullish.
previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up.
tcs consists of about 25% of nifty it.
TARGET- 3800, TAKE A LONG SWING TRADE.
TCSLongterm Investment opportunity in TCS
As global weak sentiment IT sector didnt do well but as a longterm perspective it sector is a one of the best sector to go long. As we can see on a weekly time frame of TCS after falling from higher level now it is trading around its very crucial support level from where the breakout happens so wait for 3000 level where long term investor can enter in this stock
TCS overviewTCS trading at 3422 near important resistance, making inverted head and Shoulder the biggest part is has formed Hammer candlestick pattern at the end of of H&S.
at last trading session again forming hammer crossing above 100 DMA, need to cross this 3430 - 3440 levels and sustain above it will definitely will have a big breakout for 3570 and 3700. Wait and only take position above it.
Trend is positive, as their was a channel breakout which is a trend reversal pattern and then made inverted head and shoulder.
RSI positive above 70.
Disclaimer : These are my personal views ask your advisor before taking position.
TCS Swing Trading Important supports For Educational purposeTCS is at important support level wait for price action near support zone.
If tomorrow open below 3000 then support will become resistance so we will ignore that and will wait near support 2.
Important: Never take trade without setup.
Always trade with risk and reward.
Never average loosing trades.