TCS trade ideas
DOUBLE BREAKOUT IN TCS WITH RISK REWARD RATIO OF 1:3HI GUYS I HOPE YOU ALL LIKE MY ANALYSIS I WAS JUST LOOKING AT THE CHARTS AND I FOUND THIS WONDERFUL SETUP IN TATA CONSULTANCY SERVICES WITH RISK TO REWARD RATIO OF 1:3 . DOUBLE BREAKOUT GIVES MORE CONFIRMATION THAT THE STOCK WILL GO UP
TCS Flag and pole pattern Tcs was making flag and pole pattern in 1hr time frame .
Today given a good move . Power of technical analysis.
Tcs cup and handle formation 🍵 on daily time frame tcs forming cup and handle formation, conform above 3215 for target of 3350
TCS - Bullish trend (Intraday - 19/4)Positive Side :
1. Formation of Cup & Handle pattern. Indication for a bull run.
2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks.
3. Can expect a huge return, if the market support the uptrend.
Negative Side :
1. Last two monday trading sessions turned out to be a disaster in the market. So, if it follows, IT stocks too can fall along with it. So recommended to keep 20pts below the trendline breakout.
TCSTCS
DAILY CHART
FORMING TRIANGLE PATTERN
BULLISH RSI @ 59
BULLISH CROSSOVER MACD
BULLISH CROSSOVER STOCHESTIC
BUY CMP @ 3183
SL @ 3122
TARGET @ 3522
BUY at current levelmoving averages are converging and
supertrend positive and macd is signalling buy
tcsUptrending stock going to touch their previous resistance level at 1 day time frame .20 and 50 moving averages are in favour of uptrend.
TCS sky-scraping ..keep an eye on tcs because of recently it has breakout , as per price action an chart pattern looks very positive .. pick it for swing ...dyor
TCS now boom.Tcs now wow moving and breaks its major resistance it was a neck line around @3165 which is broken so get ready to new target @3500 ..dyor check the chart
