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WaveTalks
May 3, 2017 6:31 AM

TCS- Buying at channel bottom with stops@2250 Long

TATA CONSULTANCY SNSE

Description

Look to buy at channel bottom or current price zone of 2300-2330 with stops below 2250.

Trade active

13:09 Hrs 3rd May2017

Last Price@2337

Buying in the range 2300-2320 with stops below 2250.

Trade active

10:12 Hrs 5th May20117

Last Price@2321

Day Low@2301
Sustained move above 2335-2340 zone only will take TCS next upside else we will.

Those who have taken long positions as suggested in 2300-2330 range - should book partial profits & hold for next move.

Trade active

08:53 Hrs 13th May2017

Last Price@2360

Sustained move above 2335 above was expected for upside. It started moving.

Trade active

20:19 Hrs 14th May2017

Last price@2360

Started moving above 2335 as expected in the last update above.

Trade active

17:12 Hrs 15th May2017

Last Price@2365

Trade active

09:50 Hrs 16th May2017

Last Price@2400

Heading for our next target zone 2450-2460- Hot Trade of the Day

Trade active

17:40 Hrs 17th May2017

Last Price@2455

We entered at 2335-2340 in this call.

Target Zone of 2450-2460 was achieved today. Next Any move above 2460 -we shall look higher or it can face resistance- So, next upside only above 2460 on sustained basis.

Trade active

18:28 Hrs 23rd May2017

Last Price@2521

Can we get 2700 in TCS & kiss the channel top- is what we have to see next?

Trade active

17:53 Hrs 24th May2017

Last Price@2559

Ride it Man!

Trade active

11:59 Hrs 25th May2017

Last Price@2610

Go man kiss the 2700.

Trade active

13:00 Hrs 25th May2017

Last Price@2600

We shall lock the profits & re-enter in the zone 2510-2535 Zone for new long positions.

Trade closed manually

12:58 Hrs 26th May2017

Last price@2584

Falling as expected -look to buy between 2510-2535 next & monitor it's move next. Take Care. Have a nice weekend.
Comments
naizycm
Congrats siron, today you have won a battle against whole of tv analysts who werewill saying that IT stock will sinkbe due to trump....This is power of strong mind and charts :-)
WaveTalks
@naizycm, You know this topic is subjective - It was a small bounce for TCS from 2300 to 2600 & we used basics of trading to make some greens.
nalinakshi
your all calls are successful
WaveTalks
@nalinakshi, Hope you took long in TCS at lowest price because we are trailing this one.
SatyamMishra
How can I get your advice in real time
WaveTalks
@SatyamMishra, Hello Satyam, I update realtime on post -if you see -I mention -time & date in follow ups. If you follow me -you will get it in "ideas stream icon" which is on right side vertical panel below PM-personal messenger icon.
AMBRISH
@AbhishekHSinghCMT,
AMBRISH
TCS BUYBACK
Record Date 8th May 2017.
Buyback Period 18th to 31st May 2017.
Buyback Prices Rs 2850/-
Buyback Ratio 70:31
sandy
perfect sir
WaveTalks
@sandy, Let us see 2250 is important -should not be broken down. Gap ups & gap downs they spoil the party.We need to trade with proper risk management.
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