TCS, CONSOLIDATION & MOVE STUDY (CHART# 326)
TCS has historically moved in steps. It consolidate for 2-3 years around a level and once broken it moves 600-900 points. This behavior is seen historically from 2011.
Consolidation range 760 days - 650 points move (year 2011-13)
Consolidation range 1200 days - 900 points move (year 2014-17)
Consolidation range 721 days - 650 points move? (year 2018-20).
As per previous movements of TCS, it should see close to 2950 levels (it can take time and won't happen in a day). Although it had declared good result yesterday 7th Oct. Price action analysis is about finding previous patterns/behavior and applying them for future study.
Thanks
Piyush Gupta
Consolidation range 760 days - 650 points move (year 2011-13)
Consolidation range 1200 days - 900 points move (year 2014-17)
Consolidation range 721 days - 650 points move? (year 2018-20).
As per previous movements of TCS, it should see close to 2950 levels (it can take time and won't happen in a day). Although it had declared good result yesterday 7th Oct. Price action analysis is about finding previous patterns/behavior and applying them for future study.
Thanks
Piyush Gupta
For high probable picks, join t.me/EquityResearch_PAC_bot
Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.