TCS
TCS looks good On 2H chartNSE:TCS
TCS on 2H chart showing good breakout to consolidation area of 3155-3240. And it may show good up move from here. One can consider this counter for swing trade. TCS now has a strong support of 3150 while next resistance area is of 3380-3400
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BUY TCS AROUND 3183 TGT 3300/3450 SL BELOW 3170 The Scrip is @ support and trying to hold 50dma which is a good level for short term entry for prescribed target and stop loss. As the results were below expectation but they were not that bad to make any further downside move as dollar is supposed to be strong in upcoming time.
TCS TF 1HR CONSOLIDATINGTCS CHART PAUSE IN TREND AFTER BREAKOUT IT MIGHT BE THE MEASURED MOVE UP
TOP OF CHANNEL HARD TO BREAK THE CHANNEL IN
FIRST ATTEMPT MAYBE IT WILL GO DWNTHEEN UP
LETS SEE HOW PRICE REACT IF PRICE BREAK ALL
TIME HIGH WITH GOOD VOLUME U CAN WAIT FOR
RETEST OR IF U WANT TO ENTRE EARLY IN TREND
SHIFT TO SALLER TF AND ENTRE WHEN SHIFT OF
STRUCTURE COMES AND SEE HOW PRICE REACT
TCS@3306 Make or Break LevelTCS is making higher lows and is trading at High with rising rounding pattern which looks good, but current price is more than the intrinsic value. Therefore it's suggested to wait till it corrects to S2 levels as specified on the charts.
If there is breakout with volumes then wait for to get price @3306 or if you are looking to enter at current price then invest 25% of the capital and further can invest accordingly at the dips .
Fundamentally very strong stock. Any correction is buy opprtunity
PIVOT LEVELS
R1 R2 R3 PP S1 S2 S3
Classic 3,345.20 3,393.10 3,428.20 3,310.10 3,262.20 3,227.10 3,179.20
Bullish Momentum - Above Short, Medium and Long Term Moving Averages
1.83% away from 52 week high
Outperformer - Tata Consultancy Services up by 6.75% v/s NIFTY 50 up by 3.81% in last 1 month
F&O data suggests Long Unwinding today
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
TCS - Bullish trend (Intraday - 19/4)Positive Side :
1. Formation of Cup & Handle pattern. Indication for a bull run.
2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks.
3. Can expect a huge return, if the market support the uptrend.
Negative Side :
1. Last two monday trading sessions turned out to be a disaster in the market. So, if it follows, IT stocks too can fall along with it. So recommended to keep 20pts below the trendline breakout.