TCS Bullish - Three White Soldiers on weekly chart
Tata Consultancy Services Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Price formed a Huge Green Anchor Candle with high volume on daily chart
3. Three White Soldiers pattern on weekly chart
4. ABCD pattern on weekly chart
Can be a good buy on dips and dips only with major support near 3800- 3900 zone being 50 -200 SMA zone
CAUTION : Stock is trading at 16.7 times it's book value, but it's PE is 31.81 against industrial average PE of 32.98
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames (DWM) above 60
2. Price formed a Huge Green Anchor Candle with high volume on daily chart
3. Three White Soldiers pattern on weekly chart
4. ABCD pattern on weekly chart
Can be a good buy on dips and dips only with major support near 3800- 3900 zone being 50 -200 SMA zone
CAUTION : Stock is trading at 16.7 times it's book value, but it's PE is 31.81 against industrial average PE of 32.98
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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