TCS upward movement in Regression Trend - Level and SupportTCS is moving in Regression trend while TCS and Celonis Global Partnership confirmation is an add-on here. 2200 is strong resistance that stock touched and closed below.
Showing BULLISH in all indicator:
CCI in Overbought
RSI near to Overbought zone
Stoch in Overbought
Higher High since 3 day
Stock outperforming from Benchmark and Sectoral Index
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Support : 2148 and 2100
Breakdown : 2174
CMP : 2199.65
Breakout : 2218
Short Target : 2245 and 2295
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(Disclaimer: This is only for educational purpose.)
TCS
TATA CONSULTANCY By Elliote Wave.When we Look toward TCS and drawing Elliote Wave, We will get a clear picture of the price trend.
The price is under the waves 5 Impulsive.
At 1860 You see multiple time push upside price we Can consider as good support level at 1930
"EW Trade " Target 2040-2150 for long
Thanks
TCS Short at 1900 ST 1970We are doing Analysis of TCS on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838