- The Sector has been holding strong and TCS has been slow but consistent - The last week has had a lot of ups and downs - Our Target Level has almost been achieved - Based on the Sector analysis, the Target for TCS has been slightly increased to 4345 - TSL or SL is Mandatory cause the market is all over the place - Capital preservation is key
Trade active
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TCS Update (as of 18th March, 2024)
✓ 5.5 % in 15 Trading Sessions
- First Target Level has been achieved - News to Support our Second Target Level has come in as well - Logic is to get in earlier before the news comes out and book profits and exit before the crowd enters in FOMO
Comment
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TCS Update (as of 22nd March, 2024)
- So after a long time I broke my Rules and held a position based on random news. Absolutely my fault ! - The stock price fell 9% from its record high of Rs.4254/- - And I am holding in a 4.5% loss right now because I had entered at Rs.4100/-
What Triggered was: - The 2.34Cr worth of Shares sell-off from TATA Sons initiated a gap down on 19th March - And today (22nd March) the IT sector was a drag down nearly 3% down; but its pulled back to around a 2% down
Currently: - I am still holding through for my Targets; just that its going to take slightly longer than expected