MCU1

TCS buy for a target of 2300

Long
NSE:TCS   TATA CONSULTANCY S
TCS: 09 Apr 2019: Multiple chart formations:

Cup and Saucer Formation & Ascending Triangle Pattern Formation taking shape for TCS at current price level of 2,085. Buy volume increasing from last 3 day trading sessions. TCS will present result on 12 April 2019. If the result is good then breakout can be seen for an upside with target at 2,300 price level (10.30% return; earlier all time high was at 2275.95 on 01 Oct 2018). (Note: Cognizant which is not listed in Indian stock market has recently declared good result which is being seen as positive cue for TCS and Infosys result).
Comment: It's Cup & Handle formation and not Cup & Saucer. Sorry for writing cup and saucer. It is the usual habit how you think about it as a combination in real world.
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