TCS trade ideas
TCS - GO SHORT FOR A GREAT RRTCS - GO SHORT @ CMP WITH A SL OF 1868 AND A TARGET OF 1470. TARGET SHOULD BE ACHIEVED BY 30 MARCH 2020
TCS - Expecting good bounce back TCS is currently on major / long terms support line. any break in this current level makes major fall in TCS - watch it and add to list.
Considering all global markets closed +ve yesterday, we can expect good bounce back.
Also current level 2000 (Whole number) generally act as good support levels - watch it.
Keep watching
TCS - BUY WITH A RR OF MORE THAN 1:20TCS - BUY @ CMP WITH A SL OF 1982 AND A TARGET OF 2260 BY APRIL END AND A FINAL TARGET OF 2367. ONCE THE TARGET IS ACHIEVED, GO SHORT FOR A TARGET OF 2200. TIMELINE CAN BE CONFIRMED BASIS THE STRUCTURE MADE TO ACHIEVE THE TARGET OF 2367.
Ascending Traingle pattern is formingOnce It will Breakout the Triangle pattern, It will be great for long
Triangle PatternTCS consolidating within 200 point range for 10 months. Big move expected once it breaks out of the triangle
TCS - GO SHORT @ CMP FOR A RR OF 1:8TCS - GO SHORT @ CMP FOR A RR OF 1:8. TARGET SHOULD BE ACHIEVED BY 19 FEBRUARY. EXIT IMMEDIATELY ON ACHIEVEMENT OF TARGET AND GO LONG
0003 Tata Consultancy ServicesClassical Chart Pattern: Cup and Handle
Prevous Trend: Bullish
Above: 200 EMA
Remarks:
Breakout Above 2280
TCS Dec Quarter result, but technically Let Us See the NSE:TCS Dec 2019 Q3 results,
Net profit rose 1 percent sequentially to Rs 8,118 crore in the quarter ended December, Actually met the estimate and Revenue rose 2.3 percent quarter-on-quarter to Rs 39,854 crore—in line with the estimate of Rs 39,836 crore. Operating profit, or earnings before interest and taxes, rose 6.5 percent to Rs 9,974 crore. And TCS have announced interim dividend to the shareholder (Source: Bloombergquint). Even the results are on positive side stock went negative side on today's trading day, as fundamental stock is looking good.
As per technically stock is completed third wave and formed a triangle wave in 4th wave correction, so far stock has to break for levels of 2274 to go long, if market goes on negative side then the targets are around 2000 and below. for long - target arrived through technically is 2800 around if it breaks the all time high. will wait and see what market has for us.
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Disclaimer: Stock updates are only for educational purpose.
TCS (Tata Consultancy Services Limited) SELL BELOW 2174TCS (Tata Consultancy Services Limited) SELL BELOW 2174
TCS---Time for creating record high or topple to 1300s???Daywise, TCS looks ready to bounce after reaching little higher....Weekly frame shows it might fall down to touch support from which it may bounce back or reach 1300s....
TCS (Tata Consultancy Services Limited) BUY ABOVE 2135TCS (Tata Consultancy Services Limited) BUY ABOVE 2135
