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SaiKiran578

Can TCS get 3000 by end of DEC?

Long
TATA CONSULTANCY S (NSE:TCS)  
SaiKiran578 Updated   
NSE:TCS   TATA CONSULTANCY S
Trend Analysis Chart Patterns Trend Line Break channelbreak
1
0
trendanalysis chartpattern trendlinebreak channelbreak
TCS has broken the trendline and retraced back beautifully and ready to have a bigger jump.

Long RISK/REWARD Ratio is 5.8

Targets - 2871, 2990

SL - 2710-2700

Comment:
As long as 2700 is not broken, we can see 3000 in this month or 1st half of the month.
Trade active:
bought TCS JAN21 FUT, with SL of 2715.

Expectation is that before the quarterly results i.e, Jan 8th, TCS has to reach 3000.
Comment:
Holding the DEC FUT trade. Has good support at 2774. as long as it's not breaking, will continue with it.
Comment:
Closed the trade as it hot 2774 support.
Comment:
But I'm still expecting it to touch 3000 by Jan 8th.
Trade closed: target reached:
touched 3000 (Y). Cheers
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