TCS trade ideas
TCS SHORT-TERM SWING TRADE!TCS short-term swing trade consider buy above 3,535 Targets 3,595 & 3,655 Stoploss 3,480
LOGIC BEHIND TRADE : Price structure going upside & stock bounced from it`s previous resistance looks good for short term swing trade, to identify i use harmonic xabcd pattern level 0.886 PRICE (3,655).
NSE:TCS
TCS Weekly ChartTata Consultancy Services
CMP 3526
Buy In Dips
Trading At Near Support Level
Immediate Support At 3253
Long Term Support At 2890
TCS levelsTCS shows good support at 3391 also taking support on on trend line from Mar20 (3436), and closed above EMA20 on weekly chart. Seeking target of 3800
TCSImportant levels.............................................................................................
Tcs Looking Very Strong Near Day Support Zone 3390 - 3350 Tcs Looking Very Strong Near Day Support Zone 3390 - 3350
Strong Reversal Seen In Tcs After Retest Previous Breakout
Tcs Big Buying Opportunity Cmp 3490 - 3500 Spot
Stop Loss Below 3350
Target 3900 4200 4500 +++
TCS in the next dayafter the price break up the resistance area he come back to retest forming H AND S pattern . if the price break the trend line and the neckline above that would mean higher prices...
TCS LONGTCS is in downtrend since 11th oct 2021. recently took support near 3380. tested the level of 3413 many times and moved up. again took support at 3463.
now clear resistance at 3515. chances are that it should get rejected from 3515 level.
so Buy TCS near 3463 ... SL 3400-3410 ... TGT 3611 - 3677 - 3808 - 3850 - 3899 - 3948.
safe can buy above 3515 keeping SL at 3463 ... TGT 3611 - 3677 - 3808 - 3850 - 3899 - 3948.
as it crosses next TGT keep shifting SL just below the previous TGT. previous TGT will act as support.
as of now TCS is expected to move up once crosses above 3515 and retest this level atleast once.
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
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TCS AT GOOD SUPPORT ZONE Long on TCS if it takes support at the zone. The idea my work only after daily strong candle closing
TCS entering in accumulation zoneCurrent price swing of TCS has already retraced 61.8% Fibonacci levels. Also RSI is near 30 indicating oversold position. Start accumulating it at the range 3360-3400.
TCS waiting for Break Out on Upside After Downtrend TCS took support and consolidating near Support - Inside CPR formed in the daily time frame. Soon it will break out upside.
TCS ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
TCSit will till starting of nov
then the correction will be over around 3400
then an upward trend may start which may take it 4000+
TCS-Long opportunityAT fib=0.618 . Expect reversal from here. AB=CD pattern.
Hammer at parallel channel support.
TCS daily ChartTCS is now retesting the levels of breakout. We can go long if it any bullish candlestick pattern is formed on 1 hour time frame.
