TCS trade ideas
TATA Consultancy (TCS) May Fall, It can be Shorted 24/02/2021 Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The Company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products. Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS MasterCraft, among others. It serves industries, including insurance, healthcare, retail, telecom and others.
Technical:
as we can see the price was in a bullish channel and it has now broken the lower boundary of the same channel
there exist bearish Divergence with MACD and MACD Histogram which is the sign of trend reversal and we can be sure after some candle confirmation that this Ticker is going to fall if the Channel break is confirmed by some candle pattern.
as of now we can have an eye on it for shorting it after some confirmation
TCS - Change of polarityTCS weekly chart shows breakout retest done & 5-6 weeks base created around support zone. Double bottom pattern with neckline breakout above 3577 last week seen. Need to see a follow-up buying and increase in relative strength, this week to confirm reversal for uptrend towards ATH levels.
Only for educational purposes. Not a buy/sell recommendation.
tcs may be bullishwait for confirmation and price movement on support level high change trade only intraday
TCS breakout till 15th of November.TCS is having is having a 1year support level at 3360 so strong chances are to hold at the moment. Right now it is in consolidation but will have no space to consolidate after the 15th of November leading to breakout having a price target of 4000.
TCS short termTCS trying to outperform the benchmark nifty
Supertrend also turned positive on 2 hour chart
Likely to remain bullish till above 3400 level
Momentum may start above 3575-3580
Small w pattern formation on chart
TCSNSE:TCS
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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
