TCS Q3 Result on 9th January trading strategy
The price is currently approaching the lower end of the channel, near support. The price is testing support near ₹4,000, a critical psychological and technical level. Volume appears relatively low, suggesting a lack of strong participation during the recent pullback. This could mean limited selling pressure.
Support Levels:
₹4,000 (current level, coinciding with trendline support).
₹3,800 (next major support, below the trendline).
Resistance Levels:
₹4,400 (immediate resistance).
₹4,600-₹4,800 (upper channel resistance).
Suggested Trading Strategy ~ Long
If the stock holds ₹4,000 and starts to reverse:
Entry Point: Around ₹4,000–₹4,050.
Stop-Loss: ₹3,950.
Target Levels: ₹4,400 (initial) and ₹4,600 (secondary).
Suggested Trading Strategy ~ Short
If the stock breaks below ₹3,950:
Avoid buying, and consider shorting with a target of ₹3,800.
Stop-Loss: ₹4,050.
Support Levels:
₹4,000 (current level, coinciding with trendline support).
₹3,800 (next major support, below the trendline).
Resistance Levels:
₹4,400 (immediate resistance).
₹4,600-₹4,800 (upper channel resistance).
Suggested Trading Strategy ~ Long
If the stock holds ₹4,000 and starts to reverse:
Entry Point: Around ₹4,000–₹4,050.
Stop-Loss: ₹3,950.
Target Levels: ₹4,400 (initial) and ₹4,600 (secondary).
Suggested Trading Strategy ~ Short
If the stock breaks below ₹3,950:
Avoid buying, and consider shorting with a target of ₹3,800.
Stop-Loss: ₹4,050.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.