Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5...
Data Shows that TCS takes support from 50 EMA and bounces back and give a minimum return of 3-3.5%.
around 3650 TCS has strong support, Possible upside will be to 4750
TCS is forming an ending diagonal in sub-wave 5 of wave((5)). Price is about to complete the last move of the ending diagonal. It has created sub-waves 'i' and 'ii' of wave 5. The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'. Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to...
• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3% • Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame • Recent announcement of buy back at 4500/shares can support the momentum • Currently the...
This is how tcs can react tomorrow, it's on its important zone if it breakes then we can expect a good move towards all time high, but we should wait and should see whether it consolidates at this level or what.
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On the daily chart, the Share holds a major support level at 3750 with good volumes. If he holds it and momentum continues as per the chart then it going to test again at 4000 levels in the near future. Also, Rounding Curve is showing if he breaks level 3930 and holds it. Short term target is 4000 from the current level Long term target is 4200 in 6 months
1. Rsi is taking support on 40 levels 2. Price is also getting support on the levels 3. Can give fortune
#We will make only profit. #I will Tell you full trade in my last Video. # I Don't Have Any Information to tell you to buy PE Above 37700. #If you need any help comment or message me.
#We will make only profit. #I will Tell you Lowest Point. #If you need any help comment or message me.
All the explanation has been explained in the charts above. Your insights are welcome
As you can see in above chart Nifty IT have Support...So, Soon it can Bounce Back with Large Cap & Mid Cap IT Stocks...
NIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe. The bounce may be up to 0.382-0.618 fib zone extension of CD. This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the...
TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the...
As we can see BULLISH DIVERGENCE in TCS we can ho long after breaking 50ema and will go short only if it breaks yesterday's low. Targets are mentioned in the chart itself.
NIFTY50 may open gap up because of good Q3 results of ICICIBANK, if nifty sustains at the upper levels we can see levels of 17800/17950 in NIFTY Future. If on the lower hand levels of 17500 breaks in Nifty Future we can see levels of 17450/17320 in Nifty Future
I hope you can now see how TCS represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...