TCS BULLISH Pinbar at breakoutTCS very bullish at CMP 3217, SL 3160, Targets- 3400, 3500, 3700
TCS just broke out of a year long downtrend, and with less than a 3% risk, one can aim for amazing returns.
This idea is based on the pinbar on the last trading day and for a better trade, advisable condition would be a breakout above 3275 with an SL of previous swing.
TCS
#TCS Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
TCS - INDICATOR ANALYSIS📊 Script: TCS
📊 Nifty50 Stock: YES & Nifty IT
📊 Sector: Information Technology Services.
This stock pick is according to my study. I have use 4 indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
📈 Stock is trading near at upper band of BB.
📈 There is MACD crossover.
📈 RSI is around 59.
📈 There is crossover of double moving average.
🟢 Target 🎯🏆 - 3498
⚠️ Stoploss ☠️🚫 - 3231
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
COFORGE, RSI DIVERGENCE!!RSI says everything, and its divergence is a great strategy to go bullish on the stock. currently IT sector is also trading down, i have uploaded its idea many at times. so anyone can go long on this stock, the dark 2 black lines are the range where we need to start looking out for the stock for some actions.
TCS Mid term Bearish Channel - Target 2810, 2700 and 2458. TCS is currently oversold, and might see technical bounce 3229 short term. But mid term trend has been bearish and we could see TCS hitting lower prices while have technical bounces on the way. Parallel channel trending towards, price will test lower end of the channel, expect levels 2810, 2700 to break and gap fill at 2458 . Projecting time with target is difficult, but expect this to happen in next 3-6 months or even earlier.
Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
TCS touched its bottom, NOW go bull!!tcs has touched its bottom, as you can clearly see in the chart.
i have even said about macd which is also saying to go bullish.
previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up.
tcs consists of about 25% of nifty it.
TARGET- 3800, TAKE A LONG SWING TRADE.
TCS Swing Trading Important supports For Educational purposeTCS is at important support level wait for price action near support zone.
If tomorrow open below 3000 then support will become resistance so we will ignore that and will wait near support 2.
Important: Never take trade without setup.
Always trade with risk and reward.
Never average loosing trades.
TCS Intraday ViewLong above 3166, Keep trailing profits as per the resistances mentioned. SL - 3120
Short Below 3128, Keep trailing profits as the supports mentioned. SL - 3170
One can also do scalping with the help of support and resistances mentioned.
NOTE: Please wait for the market to settle down once it opens. Don't just jump into any trade without understanding the trend