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

2024年7月13日

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.

2024年7月15日

註釋

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

2024年7月18日

交易進行

4300 crossed, trade got active

2024年7月22日

註釋

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

2024年7月26日

註釋

Strong weekly close, looking nice on charts

2024年7月31日

交易進行

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.

2024年8月7日

註釋

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

2024年8月27日

註釋

So far going all well in the direction predicted.

2024年8月27日

註釋

Bingo : 4505 achieved and next target is 4735.

2024年9月2日

註釋

NEW LTH : 4592 - going well as per predictions

2024年9月14日

註釋

10% run after the call given.