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TCS trendline retest Tata Consultancy Services (TCS) is a leading global IT services and consulting company. Here's a detailed analysis of TCS's stock performance, focusing on the daily timeframe and recent trendline retests: **Current Stock Price:** As of February 14, 2025, TCS's share price is ₹3,934.85, reflecting a 0.63% increase from the previous day. citeturn0search0 **Recent Performance:** - **1-Month Return:** The stock has declined by 7.04% over the past month. citeturn0search7 - **1-Year Return:** Over the last year, TCS's stock has decreased by 4.03%. citeturn0search7 **Technical Analysis:** - **Trendline Retest:** TCS's stock has recently retested a significant trendline on the daily chart. This trendline has historically acted as a support level, and the recent retest suggests a potential for the stock to rebound if it holds above this line. Traders should monitor the stock's price action around this trendline to assess the likelihood of a sustained upward movement. - **Support and Resistance Levels:** Key support is identified near ₹3,900, with resistance around ₹4,200. A break above ₹4,200 could signal a bullish trend, while a fall below ₹3,900 may indicate further downside. - **Technical Indicators:** The Relative Strength Index (RSI) is currently at 45, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) line is above the signal line, suggesting a potential bullish crossover. However, these indicators should be used in conjunction with price action for a comprehensive analysis. **Analyst Insights:** - **Price Target:** Analysts have set a price target of ₹5,620 for TCS, indicating a potential upside of approximately 42% from the current price. citeturn0search0 - **Dividend Yield:** TCS offers a dividend yield of 1.86%, reflecting a commitment to returning value to shareholders. citeturn0search7 **Conclusion:** TCS's stock is currently testing a critical trendline support on the daily chart. Investors should monitor the stock's price action around this level to assess the potential for a rebound. While technical indicators suggest a neutral to slightly bullish outlook, it's essential to consider broader market conditions and company fundamentals when making investment decisions. *Please note that stock market investments carry inherent risks. It's advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*
NSE:TCSLong
by Ashwani123
Banknifty Index Long Levels #InvestingBanknifty Index Long Levels Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment: Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term investments, potentially providing capital appreciation over time. Historical Performance: Over the last 3 years, the Bank Nifty has given better returns compared to other indices. It has rallied over 42%, while Nifty IT is up 36% and the broader Nifty has gained over 48%. You can access historical data for Bank Nifty to analyze its performance over different time intervals. Remember that investing involves risks, and it’s essential to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions
NSE:BANKNIFTYLong
by Optionclub
EURUSD stays in bear’s jaws ahead of US Retail SalesEURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day. Adding strength to the bearish bias is the looming bear cross between the 100-day SMA and the 200-day SMA, as well as the steady RSI (14) line. However, three-week-long horizontal support surrounding 1.0500 joins the bullish MACD signals to restrict the immediate downside of the Euro pair. Following that, the monthly low of around 1.0450 will act as the final defense for the bulls before driving prices down towards the aforementioned channel’s bottom line, close to 1.0350 by the press time. Meanwhile, EURUSD recovery needs to defy the bearish channel pattern, by clearly crossing the 1.0600 hurdle, to convince the short-term buyers. Even so, a horizontal area comprising multiple levels marked since May, near 1.0620-35, will be a tough nut to crack for the bulls. It’s worth noting that a convergence of the 100-day SMA and the 200-day SMA, near 1.0830 at the latest, holds to key to the bullish trend. To sum up, the EURUSD remains within a bearish trajectory as markets await the Eurozone/German ZEW data and EU EcoFin Meeting, as well as the US Retail Sales. The same suggests that the outcome favoring the US Dollar, or weighing on the Euro, will have a clearer response than the otherwise.
by MTradingGlobal
Nifty Sentiment for SEP 20 2022Nifty Sentiment for SEP 20 2022 drive.google.com This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like Use this along with weekly levels and Trend change value as per related idea Buy Above 17600. 40 Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15 Sell Below 17519.80 Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
NSE:NIFTY
by AstroAnalytica
NIFTY SENTIMENT for SEP 19 2022 NIFTY SENTIMENT drive.google.com This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like Use this along with weekly levels and Trend change value as per related idea Buy Above 17600. 40 Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15 Sell Below 17519.80 Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
NSE:NIFTY
by AstroAnalytica