Tata
TATA Consultancy Services (TCS) Trading Strategy-1 This Trading Strategy is for TATA Consultancy Services ( TCS ) which is traded on National Stock Exchange (India).
The strategy works best on 5 min timeframe. The results may very different depending upon time-frame and date range of your choice.
The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade.
I have tested this indicator on 5 minutes time-frame on National Stock of Exchange(India) which gives good results and the time period is almost 6 months.
Period : 20/08/2019 to 06/03/2020.
Points = 1244.
No. of trades = 78
Profit Factor = 2.497
Sharpe Ratio = 0.025
It is non-repainting indicator and uses @version=4.
For free trial, send me a private message in order to access this script as this Invite Only script.
Thanks © allanster for Date Range functionality script.
Disclaimer: This script/strategy is for educational and information purpose only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
Tata Motors - Weakness - Intermediate REVIEWHare Krishna !,
Had Sold the stock last week - ( Linked Related Idea )
The stock has dropped off since then but not as much i had expected though.
Other sells like BHEL,DHFL & Yes Bank have dropped like Bombs ( Linked Related Idea ).
We have reached decent way through to the Target 1 which is at 108 .
Now the Reason for the post is to my followers of the trade idea - It would be good to reduce risk on the stock and move stop loss to the suggested level in trade box Or you can book profits in the coming days and come out of the position.( It does not mean my sell outlook on the stock has changed...my bias is still to sell side only)
There are plenty of other great opportunities cropping up for which we may require to add risk on the table.
As a professional trader the most important is to manage risk.
Lets keep the Gun powder dry till an new opportunity to shoot comes through
Good Luck !
NIFTY HEAVYWEIGHT TUMBLING DOWN !Tata Consultancy Services
Lets Analyse :-
a)TCS which has the single largest market cap in the Indian stock market dropping down for the ' 5th Consecutive Day '.At the same time the Nifty is showing some strength.
b) Looking at the chart we can clearly see that the stock has found sellers in between 2250-2300 price range on 3 different but consecutive occasions.
c) It has found support in between 2030-2070 on two consecutive occasions...and has a high probability that it may try to find support here for the THIRD TIME .
d) Also we have the 200 Ema lining up at the level.
e) There are very very minor TA confluences like H&S /Elliot wave 5/Divergence etc also flavoring a drop.
Looks a great sell till 2070 at-least.
All the very best
Hare Krishna
Exaustion levels on Tata Global , Be Careful of LongsHaribol !,
Clear Exhaustion Observed
Possible Bull Trap
I will look out for shorts once the price comes back below TL. Possible Gap Down. Will update
Best of Luck