TCS trade ideas
TCS , 4h its looking like taking support from pre.. resistance so we can also take in watchlist , for coming days if it take support and break supportive trend line than we can go long at 3224 to target of 3349 and maintain sl of 3179 or below trend line , it also take support near 0.618 febo... ret.... it give me some more confidence to go loang
TCS looks good On 2H chartNSE:TCS
TCS on 2H chart showing good breakout to consolidation area of 3155-3240. And it may show good up move from here. One can consider this counter for swing trade. TCS now has a strong support of 3150 while next resistance area is of 3380-3400
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TCS LONG SETUPOn one hour time frame basis TCS is forming an ascending triangle pattern and if we see overall IT sector is also bullish. we will go long on TCS for positional basis for the target of upper resistance formed. Good luck traders.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
BUY TCS AROUND 3183 TGT 3300/3450 SL BELOW 3170 The Scrip is @ support and trying to hold 50dma which is a good level for short term entry for prescribed target and stop loss. As the results were below expectation but they were not that bad to make any further downside move as dollar is supposed to be strong in upcoming time.