TCS & Just Dial - Getting Ready for a Bull Run

19 Tem

• After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock.
  
• Subsequently, the stock entered a downtrend until the price found support near the 2,900 level.
  
• Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level.
  
• After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase.
  
• If this breakout sustains, we may witness a further price rally in the coming days.
  

• The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards.
  
• After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards.
  
• The stock price found support around the 520 level after a significant drop and started climbing.
  
• An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal.
  
• Following the breakout, the stock price moved upwards but faced resistance at a previous level.
  
• After a brief pullback, the stock price successfully broke through the resistance and continued to climb.