TCS C&H pattern seems completed- Target close to 5163

2024년 7월 13일

TCS has completed long term correction phase as well as completed C&H with depth of around 1100 points with neckline around 4041 so that gives a target around close to 200% fib retracement that is 5163.

NIFTY IT index is also near to close the C&H pattern and if that happens that will pull most of the healthy IT stocks i the rally and TCS is the leader.

I would wait for this month closing and if it closes above ~4300 (above yellow line) then the trade will be active. If stock moves higher then would buy like to buy on retest.

* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.

2024년 7월 15일

노트

As predicted struggling at the neckline area, this is the reason a buy trade to be executed above this resistance area only.

2024년 7월 18일

액티브 트레이드

4300 crossed, trade got active

2024년 7월 22일

노트

If Monthly close neckline happens then this script bull RUN can start.

2024년 7월 26일

노트

Strong weekly close, looking nice on charts

2024년 7월 31일

액티브 트레이드

Positives:-
1. Confirmation of Inverted H&S pattern on monthly,
2. Monthly closing above resistance Neck line.
3. IT Index too has confirmed C&H pattern on monthly closing basis

4505 and 4734 seems to the targets in near term.

* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.

2024년 8월 7일

노트

Seems like a retest, near 4000 it can be purchased seeing price action and on closing basis below 4000 trade can be exited.

2024년 8월 27일

노트

So far going all well in the direction predicted.

2024년 8월 27일

노트

Bingo : 4505 achieved and next target is 4735.

2024년 9월 2일

노트

NEW LTH : 4592 - going well as per predictions

2024년 9월 14일

노트

10% run after the call given.