TCS has been a fundamentally good stock which ultimately is good to hold for a long time. However, The recent budget has also been focused on IT which is an added advantage for IT Sector. At present, the chart shows Cup and handle pattern which will fetch 10% and above on breakout. I'm holding TCS for quite a while now and looking forward to investing more.
The pattern formed here is very clear, I always suggest buying at a retracement. Wait for retracement and given an entry for a good move upside
ITC is very strong in fundamentals Recent results have been positive, Has broken out the triangle pattern, go Long and sell at reversal point.
Fundamental The stock fundamentals are very good, and the price of steel has gone up which will benefit the organisation. News Rakesh has got a good amount of shares in the portfolio. Technical, Triangle pattern has formed with decreasing volume, Expecting a breakout. Enter the trade when it breaks out with stop loss slightly below the triangle pattern.
The channel has been broken, and presently at the point to retest the support. Reversal seems possible to buy at 920 and set stop loss right below the previous channel.
The Channel has broken and moved above drastically. The buy zone will be when it declines and reach 280. Keep your stop loss just below the channel. Also, make sure to check RSI before taking a trade.
The Channel has broken and moved above drastically. The buy zone will be when it declines and touches 280.
Go long if it retraces at the drawn red line with good momentum.
Wait for the pattern to breakout and buy when it retests the drawn line
Its in a consolidation mode, we can buy if it breaks 3479. Target 3760 TIMELINE : 10 DAYS
The channel has been broken and followed up with Consolidation, We can make use of it to capture the Swing. it has ended with a Doji and can be bought tomorrow ( 04-05-2021 ) if it breaks today's high of 3478.70 Entry: 3479 Stoploss: 3356 Target 1: 3760 Target 2: 3820 Target 3: 3900
Just for learning. Im new to the market, could someone say if what I have done is correct/Wrong?
Hello people, I'm a new trader with basic Technical analyses skill. I have invested a very less amount to keep myself focused and to be up to date with the market. So i found this Voltas Stock to have a Triangle like pattern in Daily Time Frame. DAILY TIME FRAME = Uptrend (Triangle pattern formed ) Weekly TIME FRAME = Uptrend It's for Educational purpose,...