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MCU1
Apr 9, 2019 4:18 PM

TCS buy for a target of 2300 Long

TATA CONSULTANCY SNSE

Description

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.
Comments
MCU1
It's the Cup and Handle formation. Sorry for writing cup and saucer. It is the usual habit how you think about it as a combination in real world.
MCU1
TCS gaining strength before its annual results on 12 April 2019.
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