TCSNSE:TCS
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TCS trade ideas
TCS SHORT-TERM SWING TRADE!TCS short-term swing trade consider buy above 3,535 Targets 3,595 & 3,655 Stoploss 3,480
LOGIC BEHIND TRADE : Price structure going upside & stock bounced from it`s previous resistance looks good for short term swing trade, to identify i use harmonic xabcd pattern level 0.886 PRICE (3,655).
NSE:TCS
TCS LONGTCS is in downtrend since 11th oct 2021. recently took support near 3380. tested the level of 3413 many times and moved up. again took support at 3463.
now clear resistance at 3515. chances are that it should get rejected from 3515 level.
so Buy TCS near 3463 ... SL 3400-3410 ... TGT 3611 - 3677 - 3808 - 3850 - 3899 - 3948.
safe can buy above 3515 keeping SL at 3463 ... TGT 3611 - 3677 - 3808 - 3850 - 3899 - 3948.
as it crosses next TGT keep shifting SL just below the previous TGT. previous TGT will act as support.
as of now TCS is expected to move up once crosses above 3515 and retest this level atleast once.
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
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