TCS trade ideas
Review and Trading plan for 17th AprilNifty future and banknifty future analysis and intraday plan in kannada.
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----Vinaykumar hiremath, CMT
Flag and pole in TCSPrediction : Flag and pole are in the making in daily charts of TCS near an important support. Trade in the direction where it breaks. Less confident on the sell-side as there is another support very nearby. Swing trade on the buy side if the flag is broken on the upside.
SBIN and Bandhan bank predictions by me were spot on.
TCS READY FOR BREAKOUTTCS has formed an inverted head and shoulder pattern and has also broken the horizontal resistance. we can expect a good upside momentum and it can be taken as positional equity
low risk strategies such a bull put spread can also be explored
Note: this is for educational purpose only
TCS 1D 13TH MARCH 2023NSE:TCS
lets see it was in uptrend till 16th feb 2023.
but when below 3476 its in downtrend.
if buyers have energy then they will
uplift market
from 50% fib level.if they didnot ,
sellers will attack to take it downside.
it reversed from 60 % level,
it means buyers tried and did their work,
but again sellers are attacking .
TCS Potential for Bullish Continuation | 21st February 2023Looking at the H4 chart, my overall bias for TCS is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 3460.00, where the overlap support and 23.6% Fibonacci line is. Stop loss will be at 3163.65, where the recent swing low and 50% Fibonacci line is.
Take profit will be at 4043.00, where the previous swing high is.
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Intraday Long Opportunity in TCS.Long Opportunity in TCS for an intraday trade.
Reasons:
1. Breakout/Price sustaining above psychological level of 3500 will be a positive sign.
2. 200 EMA Support
3. NASDAQ currently at it's 200 EMA support on daily timeframe and should take a healthy bounce from here
NSE:TCS
TCSNSE:TCS
In case of Gap down , pls ignore.
Risky Trade ! So don't bet a lot.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!