Tcsshort
TCS--@Breakout or Breakdown ??I am sharing the important levels of Support and Resistance. These levels plays 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.
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 --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--@Resistance Zone?? This stock has encountered persistent resistance within the 3460 range on multiple occasions. On the flip side, the price has consistently found support along a trendline, leading to upward movements.
It's advisable to maintain a bullish perspective as long as the price remains above this trendline. However, exercise caution, as there's a possibility of a false breakdown below the trendline, which could mislead traders and necessitate a prudent approach before considering short positions.
TCS--Will break 3400 ??observations::
facing resistance multiple times from this zone...3400 range...
if this range is broken will see a strong momentum towards upside is possible...
we have a trendline support as well...now price is at important level...
if price takes the help of trendline will be on buyside...keep track this levels...
3200 and 3400.
short Tata consultancy servicesNSE:TCS has formed a double bottom pattern. But it had not given the breakout It's still below the neckline. And the volume is also low as well as the 50 moving average is downwards direction. The 50 moving average is working as a resistance right now. So it's good time to take a short position.
target 3101
stoploss 3237
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
TCS 1DTCS currently at the bottom of a crucial zone. It can give a good move either side.
If it breaks down expected target can be around 3100.
If reverses from this zone one can expect a target of 4050+
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
TATA Consultancy (TCS) May Fall, It can be Shorted 24/02/2021 Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The Company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products. Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS MasterCraft, among others. It serves industries, including insurance, healthcare, retail, telecom and others.
Technical:
as we can see the price was in a bullish channel and it has now broken the lower boundary of the same channel
there exist bearish Divergence with MACD and MACD Histogram which is the sign of trend reversal and we can be sure after some candle confirmation that this Ticker is going to fall if the Channel break is confirmed by some candle pattern.
as of now we can have an eye on it for shorting it after some confirmation
TCS Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.