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.
TCS trade ideas
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TCS1) TCS, breakout from level of 3400 and went up around 10% till date 31-08-2021.
2) Waiting for a retracement and if it took support at 3400 breakout level i will take a long
target 1- 10%
target 2- 20%
sl- 7%
REASON:
NIFTY rallied around 8% in last 30 days in which TCS rallied 20%, consolidation or retracement is good for further movement.
i just have 1 year experience so any suggestion comment below it helps me.