TCS Chart Update – Fibonacci + Breakout Levels

TCS – Retest Breakout Trading Setup with Price Action + Fibonacci Strategy

TCS is approaching a key breakout zone around ₹3,280. A retest entry can offer a high-probability trade setup.

How to Trade This Setup
1️⃣ Breakout Level

₹3,280 is the major resistance zone

Wait for strong breakout candle closing above ₹3,280

2️⃣ Retest Entry

📍 After breakout, price may pull back to ₹3,280–₹3,260
📍 Look for bullish rejection candle (Pin bar / Hammer / Engulfing)

👉 Entry on bullish close after retest

3️⃣ Stop-Loss (Price Action Based)

🛑 SL below ₹3,085 (strong support level)

4️⃣ Targets using Fibonacci

🎯 T1: ₹3,350
🎯 T2: ₹3,400
🎯 T3: ₹3,456 (Fib 38.2%)

Strategy Summary
Element Value
Breakout zone ₹3,280
Retest entry ₹3,280–₹3,260
SL ₹3,085
Targets ₹3,350 / ₹3,400 / ₹3,456
Direction Bullish above breakout
View

Bullish bias if price sustains above ₹3,280.
Retest entry gives the safest low-risk setup. 🚀