TCS trade ideas
Buy tcsIn recent past whenever tcs came down it has taken support of weekly 21EMA and have crossed previous swing high. Let's see how it react thus time
TCS LONG ABOVE THE ARC SHORT BELOW THE ARC TCS has formed an ARC like pattern in the chart it may be neutralfor some time but if it goes above the ARC it may touch high again
SwingSwing possibilities, buy at CMP and sell near to upper trend line. Stoploss slightly below to the support line.
TCS LONG SETUPOn one hour time frame basis TCS is forming an ascending triangle pattern and if we see overall IT sector is also bullish. we will go long on TCS for positional basis for the target of upper resistance formed. Good luck traders.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
Another bounce back rally started for TCSThe stock took another support for the third time on this trendline and is set to reach 3400.
TCS Lets just hope that TCS should not be the reason to bring NiftyIT down.
It did began an upmove from the demand zone yesterday, however the trend is negated today.
Pretty much all indicators are bearish.
#stocks
TCS Daily Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
TCSTcs tooked support as per price action, one can go long at current level or in dips with mentioned key levels in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BUY TCS AROUND 3183 TGT 3300/3450 SL BELOW 3170 The Scrip is @ support and trying to hold 50dma which is a good level for short term entry for prescribed target and stop loss. As the results were below expectation but they were not that bad to make any further downside move as dollar is supposed to be strong in upcoming time.
TCS i think ,it will come down to 3180 and bounce back to 3443. this is only my though process ,no any suggestion to buy or sell.
