TCS

TCS today has given a breakout on a larger triangle & smaller triangle, post its results today. We expect the stock to take first resistance near its all-time high at 2275 levels. A confirmed breakout above that level can lead to 2742-3000 levels. NSE:TCS

refer chart for details

Buy TCS at 2085 Stoploss 2053 Target 2130 2190

TCS LONG SETUP

- Basically, it is a sector rotation, from financial services to IT and metals - USD/INR has also bottomed out, hence IT stocks may opt for a rally - Weekly flag breakout as well as positive divergence on RSI - Can look up to targets of 2200 or more

Strictly buy above 2054 with 2039 for 2067- 2080 positional can trail sl for2098-2120

Probable range for Apr series

Buy TCS at 2035 Stoploss 1998 target 2098 2160

Buy TCS 2005 SL 1988 Target 2058

infosys

entry below 2046 stoploss 2099 minimum target 2011 if 4rth wave is unfolding. if it starts moving upwards then also it will be good time to short with higher risk reward.

Sell TCS 2030 SL 2050 Target 1988 1950

Buy TCS at 1912 SL 1884 Target 1984

One may buy TCS with a SL of 1879 and targets of 1941/1960 in the short term. A buy on dips shall present a better R-R ratio.

Short if it crosses below 2015 TGT 1- 1975 TGT 2 - 1980

Levels mentioned in chart

NSE:TCS After a good upward run, TCS has shown some healthy correction and now trading around previous Break out range. High probability of resume in upward journey from here on wards.

Sell TCS at 2058 SL above 2078 Target 2034 1994