Tcs Elliot Wave Analysis target 4200

Elliott Wave Count:

The chart seems to show a detailed Elliott Wave count, indicating both impulsive (labeled 1, 2, 3, 4, 5) and corrective (labeled A, B, C) waves.
The current wave count suggests the start of a new impulsive wave, with the expectation of further upward movement.
Target and Stop Loss:

The target price is set at 4200.
The suggested stop loss level is 3800.
Corrections:

A 62% correction of the previous trend is marked, which often signifies a strong retracement level in Elliott Wave theory.
Indicators:

The chart includes volume bars, a relative strength index (RSI) at the bottom, and what seems to be a Moving Average Convergence Divergence (MACD) indicator.
These indicators are typically used to confirm the wave counts and the momentum of the stock.
Moving Averages:

The chart shows moving averages (dotted lines) which can act as support or resistance levels.
This analysis suggests a bullish outlook for TCS shares, projecting a move towards 4200, provided the price remains above the stop loss level of 3800. The chart analysis leverages technical indicators and wave theory to forecast potential price movements.