TCS trade ideas
TCS in range for next few days - till expiry TCS moves in range forming a triangle . The expected path in next few days is shown . Till it breaks the time reversal support and resistance zones .
TCS S/R for 28/11/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TCS S/R for 23/11/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TCS S/R for 20/11/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TCS : Going longAlthough the valuation is a bit high the profitability is also high. Financially the stock is in above average levels.
Pros
By looking at the share holding pattern we can understand that the DIIs and mutual funds are showing considerable interest in the stock for the past few quarters.
The retailers are selling off the share and retailers are mostly the ones who come late to the party. We need to stick with or think ahead of the institutions.
Cons
FIIs are also not showing much enthusiasm in the stock for the past few quarters. Just like the retailers, they have reduced their holdings.
Conclusion
But, considering the technical of the scrip we can see that there is a consolidation taking place at the current levels which can be considered as an initial inflection point. So I'm taking a position in here for about 1.25% of the capital. I don't think that the Indian economy has any major negative sentiments to be bothered about in the near term. So unless the FIIs start a selling spree we are good to go to 21k levels.
There is a potential upside of about 12% to the target levels. But I'm also well aware of the downside risks. If any major crash happens in the IT sector the stock may fall a minimum of 13%. But I'll consider that as a buying opportunity to increase the position size.
$TCS 7R long ideaNSE:TCS if it collects liquidity there is a good opportunity for it to take this daily demand and shoot for the target given no big OB present on the way.
This is for educational purposes only . Please consult your financial advisor or do your own analysis before any trades.
TCS BREAKOUT WTCS has given BO on W TF
from cmp we can expect good move, here we can plan a swing trade.
TCS--3200 Or 3500I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis
Look for buy side from 3200 to 3500.
TCS trending upwardsTata Consultancy Services Ltd. is a leading global IT services, consulting and business solutions organization offering transformational as well as outsourcing services to global enterprises. The company has a global presence in multiple industry verticals and services consisting of consulting, integration, application services, digital transformation services, cloud services, engineering services and many more.
Tata Consultancy Services Ltd CMP is 3494.55. The Negative aspects of the company is high valuation (P.E. = 28.6). The Positive aspects of the company are no debt, FIIs are increasing stake, MFs are increasing stake, improving annual net profit, improving cash from operations annual.
Entry can be taken after closing above 3501. Targets in the stock will be 3582, 3682 and 3765. Long term target in the stock will be 3853+. Stop loss in the stock should be maintained at Closing below 3000.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
TCS --Near its Demand Zones??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
TCS looking weak now we get 250 points on upside On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TCS Looking Strongas we can see on a daily time frame of TCS it is consolidating in a a channel and previous days closing looking good so if it crosses the level of 3640 and sustain above that , in a upcoming days we can see a good upside move in TCS
TCSNSE:TCS
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TCS for Chhotu bhaiya
Looking at TCS from an elliot wave perspective, seeing if it still is in wave 4 of 3 or if it potentially has started wave 5 of the bigger cycle
TCS ready for 3800+ For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Weekly Double bottomTCS has broken out of weekly double bottom and a symmetrical triangle
Upmove confirmed?
Ascending Triangle pattern breakout in TCSTATA CONSULTANCY SERVICES LTD
Key highlights: 💡⚡
✅On 1Week Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4145+.
✅Can Go Long in this stock by placing a stop loss below 3350-.
TCSAfter very long time TCS has broken out from the triangle. Some good upside is visible on the chart but do it keep SL & position size in check
