Stocks Updates -Advance Trading Strategy of TCS for 22nd July

Welcome to journeyoftrading. This analysis only for Candlestick Patterns, support and resistance, trend lines, and pivot points. These indicators are enough for a trading strategy. This strategy includes proper entry and exit and stoploss with trading psychology.    

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Now we are going to do chart analysis for the TATA Consultancy on July 22, 2024. Today's closing market price is 4,298. It’s today's closing point. This closing point is near one support zone for 4,284.30; it’s a July 21^{st low.}.

This chart gives two support zones. If we break the 4,284.30 support zone, the market will go to the 4,266 strike price. Otherwise, take support from 4,284.30 at this strike price.

The July 22^nd prediction is that the market will reach the 19^th July 50% level of 4,321.15. The 19^th July market already trend line formed; same line rejection will happen. And on July 22, the pivot is 4,314.08.

Here, there is a strong resistance of 4,350. It will react with a downward trendline. 22^nd July market pivot points, support, and resistance levels are updated below.

The TCS Entry, Exit, Stoploss and Target Levels for 4,300 Strike Price Updated Below.

The TCS Entry, Exit, Stoploss and Target Levels for 4,350 Strike Price Updated Below.

The TCS Entry, Exit, Stoploss and Target Levels for 4,250 Strike Price Updated Below.