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TCS

IT STOCKS - Start of another leg of bull rally? - ANALYSISThe analysis is done purely based on chart patterns and price action. The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks. As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline. Thereafter the price gave good breakout and came down to retest the levels. This can be a signal another leg of bull rally. Targets are determined with the help of Trend-Based Fib extension tool. Traders must check for signals of reversal before entering into any trade. This analysis is just for study purpose and to show beginners how to analyse a sector and its stocks. This is not a trade recommendation. Traders must trade with their own risk and money management. TCS chart analysis- INFY Chart analysis - WIPRO chart analysis - HCLTECH chart analysis - Feel free to comment for any suggestion or query regarding price action or chart analysis.
NSE:CNXITLong
by AdityaKarn90
2
Infosys - All poised a decent correction ? Stay cautious I usually prefer a 3-hour time frame chart to understand the longer trend of the stock. IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again. Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index is also looking to bottom out in near time :) Infosys can correct till 1020-1050 in near short time :)
NSE:INFYShort
by akumar1057
TCS - Breakout & Retesting (Bull Flag & Double Bottom) - SwingThis analysis is purely based on price action and chart pattern. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades. Trade Strategy along with logic is explained in image itself. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Feel Free to comment for any query and suggestion.
NSE:TCSLong
by AdityaKarn90