Tata Consultancy services shares - possible drop to 2950Tata Consultancy services shares - possible drop to 2950
TCS trade ideas
TCS: moving upward 🚀 swing setup TCS breaks all resistance and moving upward... short-term setup at buy (3130-3160).
TCS just before a moveTCS broke trendline and looking for an support zone area. It can take support in two areas before taking a further up move.
This idea is just for an educational purpose. Take advise before taking any trade.
TCS watch out and go loooooooooongTCS completed Elliott corrective wave and begin new cycle of Impulse wave! Also price is getting good support at Fibonacci retracement level of 2950.
IF price already broke above triangle, Go Loooooong!!!!!!!
TCS Long broke previous trendline and closed above ressitance level good entry for intraday or small positional trade
TCS - Trendline BreakoutTATA CONSULTANCY SERVICES
Breaking Out Trendline
Bouncing off Main Trendline
Bouncing off 100 Daily MA
Targets in Green
TCS-INTRADAY Inverse H&STCS bounced from FIB 23.6 and still can go up anytime after retesting short term resistance. Also it is making an inverse H&S should bounce perfectly if everything goes as planned.
TCS good but confusing ascending triangle structureTCS forming a very good structure
But it broke down the trend line in the last few hours on friday
The momentum downside may be fake
It maybe true
With upcoming shorting opportunities visible in nifty
Tcs being a heavyweight will surely follow the trend
But we should be ready for everything
So make sure you trade wisely
Keep stop loss accordingly
TCS long with the first taregt of 3211On a daily chart TCS historically finding support at 50 EMA. Could be a good buy for the target of 3211.
TCS { Long 15 M }Hammer followed by IB at support ,Long if it breaks
Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
TCS- RISING TRIANGLEWatch the price action in lower timeframe when you enter, Having good risk reward. Good stock to watch on Monday to capture
