TCS: ABC Correction Complete – New Impulse Wave in Focus

TATA CONSULTANCY SERV LTD NSE:TCS

SpiderChart

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

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source https://www.tradingview.com/chart/TCS/ZET9LNf3-TCS-ABC-Correction-Complete-New-Impulse-Wave-in-Focus/

CAD/CHF 4H Technical and Fundamental Analysis

Canadian Dollar vs Swiss Franc ICMARKETS:CADCHF

RebornFXTrader

CAD/CHF 4H Technical and Fundamental Analysis

CAD/CHF has shown bullish potential this week, supported by strengthening fundamentals and a technical breakout. From a macro perspective, the Canadian dollar (CAD) continues to benefit from rising crude oil prices, a key Canadian export. With WTI crude trading above $80 per barrel, the commodity-backed CAD gains further momentum. Meanwhile, the Swiss franc (CHF)—often viewed as a safe haven—is seeing mild outflows as risk appetite improves globally and capital shifts toward higher-yielding assets.

From a central bank standpoint, the Bank of Canada (BoC) has struck a cautiously optimistic tone regarding inflation, while the Swiss National Bank (SNB) has already begun cutting interest rates—creating a divergent policy path that favors CAD strength against CHF.

On the technical side, CAD/CHF recently found strong support in the 0.57800–0.58100 zone, where price formed a potential double bottom pattern just below key resistance—a signal often associated with bullish reversal. A minor key level at 0.58300 was broken, followed by a clear accumulation phase. After consolidation, price grabbed liquidity with a long wick but closed above the key level, forming a bullish engulfing candle, suggesting strong buying pressure.

We now await a retracement into our zone of interest to position long entries with favorable risk-reward.


📍 Buy Setup:

Entry: Buy Limit at 0.58390
Stop Loss: 0.58130 (below liquidity grab)
Take Profit: 0.58940 (next key resistance)

📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.

source https://www.tradingview.com/chart/CADCHF/YsVQlW4d-CAD-CHF-4H-Technical-and-Fundamental-Analysis/