TCS trade ideas
TCS - Short Term viewTCS is currently travelling in the upward channel. It may go up until it breaks the bolded trendline. In case it breaks, it may come down ~ 3280 - 3300 by end of this expiry
Incidentally, 38% of retracement from Jan 22 fall comes arond 3358. Closing above may lead to ~3500 which is at 50%.
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 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.