TCS appears to have completed a classic Elliott Wave structure, consisting of an initial 5-wave impulsive move followed by an A-B-C corrective phase. The recent price action suggests the correction has likely ended, and a new bullish impulsive move is beginning.
Fundamental trigger:
Interestingly, just a few days ago, TCS announced strong quarterly results — reporting solid profits and declaring a dividend. Despite the positive news, the stock reacted negatively and moved lower. This could have been a classic case of "good news, bad reaction" — possibly a stop-loss hunt or smart money absorbing liquidity before the next leg up.
Key technical points:
✅ Wave 1-2-3-4-5 clearly visible, forming the initial impulse.
✅ A-B-C correction appears complete with price reversing from a key support zone.
📈 Bullish structure forming; watching for confirmation with a break above recent highs.
🔍 Technicals and sentiment suggest renewed upside potential, despite short-term shakeouts.
Invalidation below recent swing low (Beginning of 1st Impulsive).
This setup offers a potential long opportunity with a favorable risk-reward
#TCS #NSE:TCS #ElliottWave #WaveAnalysis #TechnicalAnalysis #ABCCorrection #ImpulsiveWave #LongSetup #ChartAnalysis #NSEStocks #IndianStocks #Dividend #Earnings #PostEarningsMove #TrendReversal #SwingTrading #PriceAction #SmartMoney
Fundamental trigger:
Interestingly, just a few days ago, TCS announced strong quarterly results — reporting solid profits and declaring a dividend. Despite the positive news, the stock reacted negatively and moved lower. This could have been a classic case of "good news, bad reaction" — possibly a stop-loss hunt or smart money absorbing liquidity before the next leg up.
Key technical points:
✅ Wave 1-2-3-4-5 clearly visible, forming the initial impulse.
✅ A-B-C correction appears complete with price reversing from a key support zone.
📈 Bullish structure forming; watching for confirmation with a break above recent highs.
🔍 Technicals and sentiment suggest renewed upside potential, despite short-term shakeouts.
Invalidation below recent swing low (Beginning of 1st Impulsive).
This setup offers a potential long opportunity with a favorable risk-reward
#TCS #NSE:TCS #ElliottWave #WaveAnalysis #TechnicalAnalysis #ABCCorrection #ImpulsiveWave #LongSetup #ChartAnalysis #NSEStocks #IndianStocks #Dividend #Earnings #PostEarningsMove #TrendReversal #SwingTrading #PriceAction #SmartMoney
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.