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TATA CONSULTANCY SERV LTD

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TCS trade ideas

TCS 4HRBearish BAT with Top Reversal is a two bar Sign Of Weakness. First bar is widespread up bar closing on/off the high with high volume supply swamping demand or low volume-no demand. The high and the close are higher than the previous few bars. The second bar is widespread down bar closing on/off the low on higher or lower volume than the first bar AS second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful and if second bar high is higher than the first bar high it shows additional weakness. It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand or Up-thrust. POTENTIAL SELL
NSE:TCSShort
by PriceActionTradervsa
TCS Shows the Bull Run PromiseThe LAST CLOSE PRICE of NSE:TCS is 2797.3 . The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 2776.15 . From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07 , SUPPORT 2 at 2708.5 with RESISTANCE 1 and RESISTANCE 2 at 2824.02 and 2885 respectively. The Key 50% FIBONACCI LEVEL stands at 2742.53 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 84.09 and 76.33 respectively. At this level it the status is OVER BOUGHT . When we look at the Moving Averages , MACD is the crucial indicator to look into. With MACD VALUE at 26.34 and at 19.74 alongwith HISTOGRAM showing valus of 6.6 , the STATUS is clearly UPWARDS . The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.55 and 1.31 with as TREND CHANGED TO BUY . A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.0416 the STATUS is OVER BOUGHT . No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. The same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 34.246 which signifies its Price Level to be TOO EXPENSIVE . >>> TREND is : BULLISH." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TCSLong
by finogent