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
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
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All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.