binuppaul

TCS- Near Critical Levels Looking for Higher Targets

Long
NSE:TCS   TATA CONSULTANCY S
Even when the NIFTY broke below the crucial level of 9150 yesterday and closed below 9000, some of the IT stocks did well. TCS has been moving in an upward trajectory and has been making higher lows. If the stock manages to stay above 1960 levels today, it can attempt levels closer to 2092 in this series. If the stock witnesses selling pressure near to 1960, it can fall back to 1873-1866 levels.


Note:

The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa

DISCLAIMER

The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.

Analysts

Prof. Binu P Paul PhD
Prof. Soumya V ACSI
Trade closed: target reached: All targets done

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