TCS - Great short at 3430 It will give slight breakout of trendline and fall from the previous supply zone
Goes ex dividend at same time
Follows Trendline
Overbought on RSI
Slowing volumes on uptick
Matches Global Weak outlook
SL 3449 (-19)
Tgt 3200 (+230)
Caution : FNO can cause heavy losses on bad position sizing. Do your own research before taking trades. Not a registered analyst.
TCS trade ideas
INDIAN IT INDEX & STOCKSHELLO ALL, GOOD EVENING,
VERY INTERESTING MARKET CLOSED DEEPLY NAGATIVE,
DESPITE OF GLOBAL & INDIAN MARKET, IT SECTOR IN POSSITIVE.
Accenture results good, but guidance given some low comparitively less than
last quarter. it sector going to anounce jan 12 start with infy.
just check TCS, INFY & HCL THESE
1.Closed above moving avg
2. fibb retracement done & going up ward direction
volume supporting
keep on eye IT STOCKS
TCS - Short Term viewTCS is currently travelling in the upward channel. It may go up until it breaks the bolded trendline. In case it breaks, it may come down ~ 3280 - 3300 by end of this expiry
Incidentally, 38% of retracement from Jan 22 fall comes arond 3358. Closing above may lead to ~3500 which is at 50%.