LearnersParadise

Tcs - Let's Play Momentum

Long
NSE:TCS   TATA CONSULTANCY S
Tcs has been silent for quite some time now.
Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels.
Let me show the chart of IT index.
As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle pattern and heading towards all time highs. So if Index will reach all time highs then major constituents will also perform.
Another chart to understand price action:-
In this chart we can clearly see that even in price action it has stopped making lower lows and has been testing levels of 2760 again and again.
I have marked few rejection on the main chart to show that someone is pushing this stock up.

Keep an eye folks. Cheers and Happy Trading.

Disclaimer:- I am not SEBI registered. All the levels mentioned are for educational purposes. Trade with your own caution and with your own risk.