TCS time to go short??Trade idea is only relavent , if price drops below 2009
T1:1991
T2:1966
T3:1957
T4:1935
TCS
HAVELLS - CUP AND CHEAT PATTERN#HAVELLS
CMP 713
Buy above 730
Stop 675
Logic : Trend template + Cup and cheat pattern
TCS looks weak. A short swing opportunity.At CMP TCS is overvalued. The weekly structure looks weak and shows a failed double bottom structure at 38.2% Fib level. This is indicative of a fall in TCS prices. Target is the 61.8% Fib level which also coincides with the weekly trend line. This is the major support level from which TCS may resume an uptrend post 31st March 2019
short TCS if breaks 1907 , first target 1898, second target 188short TCS if breaks 1907 , first target 1898, second target 1889
TCS - LONG ABOVE 2000CMP 1969
Long suggested above 2000
Stop at 1900
Target 2200 plus
Logic:
W pattern formation fuelled by price / pivot oscillator divergence.
TATA CONSULTANCY SERVICES SHARE HOLDERS SHOULD KNOW THIS!the chart is self explanatory
i know many Indians with family and kids are holding their life savings in this stock
please read this and see the obvious bear in the room
DISCLAIMER - i don't have any TCS shares..... so hopefully this analysis is emotionally uncompromising
Short TCS after reversing from Upper trend lineTCS is trading in channel.
Previously, before making up move, stock had taken support at 200 SMA.
So, stock may touch 200 SMA again, before making up move.
Good shorting opportunity at upper trend line. R:R ratio is favorable.
Views invalid, if stock closes above trend line.
TCS BuyBuy on TCS has been generated by system , buy above 2846 keeping stoploss of 2794 1st target is 2901 2nd target is 2966, do it on your own risk..
Tcs Short Tcs is short according to my expert advisior Short @2860 1st target is 2800 ,2nd target is 2730 sl is 2945
TCS completed Wave 4, up for Wave 5 (Long Term view)With positive result TCS broke the Wave 4 triangle this week on Weekly time frame, with this it should be up for Wave 5 which it should minimum run to 4,500 for Wave 5 completion.
TCS Fib Model$TCS fib model put together on multiple time frames. If the model is accurate TCS should see some price movement tomorrow as it approaches quadrant intersections. No position.
Long @ 2407Strategy: Buy @ 2407
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TCS was on uptrend and correcting it's uptrend after hitting 2700 resistance zone. Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can provide good support level here to go long.
Long for ATH above 13000Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs.
On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper.
Index is susceptible to political news from US, so adhere to proper RM.
Cnx it has shown breakout in trendline...result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ...
let's see what will happens in IT in india
TCS Short for 2000...Trend Correction is Getting Over, IT has started to look weak, TCS is at Upper Trend Line and at Major Resistance, Volumes are lower op Trending Up, Target Can be of Around 2000, 1700 with short from around 2400.
NIFTY - Test Of 8200 / 8000 Inevitable - 11/4/2016Happy New Year to all. New year has arrived with new opportunities. It is always good to start a new year with profitable note. Our short NIFTY and other selected stocks positions ( via puts of courses ) is well in green and now it looks like the test of solid support levels near 8200 / 8000 is inevitable in coming sessions.
Many of the trades we have outlined here have performed the way sound technical analysis defines the chart geometry. Trading theme is, soggy IT sector, topped out auto and pharma sector, so-so oil sector and healthy but lack of momentum in FMCG sector. Here are some of the trades you can review based on such theme, ( Pls Check the Links )
Dr Reddy
Cipla
Glaxo
Lupin
Infosys
TCS
Wipro
ONGC
Dabur
Grasim
We have warned about sucker rallies in equities and have advised to be patient with a game plan. Armature investors ask wrong questions about what's going to happen and they tend to waste energy in trying to find when a particular security is going to reach 'where they believe it is heading towards'. Nobody can predict the exact timing and where the things are going to be. Only thing which matters is that what you are going to do when the stock reaches to the point you are interested in ! e.g. people ask, when XYZ stock will reach 100? Instead they should be thinking about what they will do when it reaches 100 or 50 or whatever level is defined as good support or resistance.
Let's enjoy the relaxed last weekend of Diwali holidays and get ready for the next week to trade Forex, Commodities and Equities. We are ready with a game plan for the new year, are you?!
Long TCSTHREE REASONS
- PIN UP BAR AT 200DMA
- CLOSE ABOVE 100 AND 200DMA NEXT DAY CONFIRMS REVERSAL
- STRONG SUPPORT AT THE LOWER RANGE OF THE TREND CHANNEL. (LT BULLISH TREND INTACT)
HIGH-RISK REWARD TRADE. MAINTAIN STOPLOSS AS IT RESULTS EXPECTED THIS WEEK
TCS - Up Down And Nowhere - 6/9/2016Like Infosys, TCS is searching for a new direction. Being one of the best IT servicing company, there has been lot of premium built up already and it is finding tough to crack 2800 mark. Last time we touched on TCS about a year ago, it was forming a double top near 2800. ( bombaybulls.com ) After that it tried to go there couple of more times but all efforts failed. We are still of the same opinion, buy low - sell high. Low in this case is around 2200 and fade the approach towards 2800 until something changes drastically or market catches the wind of another bull phase.
Besides, it is handy to keep long term levels on radar if something blows up and we get an opportunity to get good stocks cheap. While 2200 is good support level, for a stock which has shot up from 200 to 2800 in 5 years, it is certainly not a cheap level where you can load up and sleep well. That kind of support comes below 1400.
For right now, buy puts on the big bounce and rest will take care of itself.
