NSE:TCS   TATA CONSULTANCY S
TCS made a Hammer on Friday. The sellers couldn't push the price lower and it bounced from the support. Also there was a harmonics reversal pattern.
Considering this, a long entry can be initiated on break of friday's high around 2170.
SL can be 2125 for positional.
Positional Tgt are marked in the chart as 2192,2238,2302

Intraday SL can be 2150 with tgt of 2190

Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose and my personal view. Please take position after consulting your advisor.

Trade closed: target reached
Comment: Join below Telegram for Trade discussion

t.me/hbullear

Comments

goood job
Reply
Good Analysis ‼️ The tech stocks are going to be trending next week.

Moreover taken support at fib. Level so it's Bullish above high.
Reply
LazyBullear Aayushjain_
@Aayushjain_, Yes it reversed from the fib level. TCS may give a good run coming week
Reply
@LazyBullear - Any possibility to hit 2300 before july expiry.
Reply
@Rosh10 i doubt it.
+1 Reply
Rosh10 LazyBullear
@LazyBullear, I think it will. You should increase volumes as well. Cheers
Reply
@Rosh10, lets c.. 2300 is another 4% and IT index is strong so may go there but many hurdles in between
Reply
Hi.....Good Evening
Levels mentioned above is of Spot Levels or Future Levels
Reply
LazyBullear ManishAS96
@ManishAS96 spot levels
Reply
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