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TCS

FIIs drag Nifty from around 16600NIFTY 50 EOD ANALYSIS -23-08-21 IN SUMMARY O / H / L / C 16592.25 / 16592.5 / 16395.7 / 16496.45 H-L = 197 VIX 13.69 / -2.35% FII DII: +89 Crores Likely open: Positive with resistance around 16550-600. CHART BASED CONCLUSIONS A 150 point gap-up opening in Nifty was immediately sold in to. Nifty made a higher and a higher low. Nifty almost retested the lows of the lows of Friday and then made a good recovery of 100 points but could not hold on to 16500 on a closing basis. A hammer sort of candle has been created on the daily charts. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters TCS 18 BAJAJ FINANCE 12 RELIANCE 11 HCL TECH 10 BAJAJ FINSERV 09 TOTAL 60 The Draggers ADANI PORTS 8 GRASIM 6 M&M 5 ITC 4 TATAMOTORS 4 TOTAL 27 Lifter - Draggers = +33 The above explains how Nifty managed to close above the P Close of 16450. POSITIVES Nifty made a good recovery of 100 points from the lows. Nifty closed above 16450. TCS kept climbing higher and RELIANCE is inching up which is helping Nifty. BANK NIFTY managed to close above 35100. HDFC twins have held onto their respective important levels of 2700 and 1500. NEGATIVES Nifty failed to close above 16500 and a major barrier for the bulls has been lost for now at 16500-600 range. BANK NIFTY went lower than the Friday lows and was down 800 points from its high for the day. FIIs have once again sold in excess of 1,000 Crores indicating some more weakness. TRADING RANGE FOR W/B 23-8-21 The Nifty baseline stays at 16300-350. The resistances are now from 16500 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35200-35500. INSIGHT / OBSERVATIONS TATAMOTORS has been experiencing unusual selling pressure and has lost more than 10% since it's high earlier in the month. MARUTI is witnessing very volatile and choppy moves around 6825-6850 and is unable to hold on to 6900+ levels. Though it fell in the last few minutes, it quickly recovered to close around the FIB level which is causing wild swings. This indicates that there is something for the 4 wheeler manufacturers that is not known to us. Even on a 5-minute chart, BANK NIFTY looks better placed than NIFTY. What do you feel? Thank you, and Happy Money Making! Umesh 23-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
BANKNIFTY (risky, but a probable setup)..... (The_RedTicker)Banknifty be like, Tum Mujhe 1000 pts ka sl do, Mai Tumhe 3000 pts ka target dunga!! eng. trans : Give me a sl of 1000 pts, I will give you a target of 3000 pts. (no offence meant to anyone, I know the imp of the independence time quote, its a boring day just trying to set a fresh pace) I mean, irrespective of the sentiments, the buying range looks clear on chart. Sl should be closing basis for this one. And if at all my setup is correct, I dont think it has to stop at just 3000 pts. *all levels are of SPOT #The_RedTicker
NSE:BANKNIFTYLong
by The_RedTicker
TCS - Ascending Channel Bullish Breakout TCS has broken out of the ascending channel, supported by high volumes. It can be bought between the price range of 3400 - 3450, for a target of 3650, which it should hopefully achieve before the next earnings are published. Stop loss can be maintained at 3349. Refer the Fibonacci Retracement given in the chart to identify the support levels, if you do not wish to keep the stop loss. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:TCSLong
by Yes2Profits
# TCS FOR AUG-2021 PROFITE TIME👑🤑🤑# WE WILL MAKE ONLY PROFIT💲💲💲 # If you ask me can i buy TCS CALL(CE) i can't agree with you for some time. # if you want to play safe than some days only buy put(PE) # TCS already OVERBOUGHT that's mean perfect time to but put(PE) # if you want 100% perfect time to buy put(PE) watch 4 hour MACD and wait to enter in Downtrend # If you want to buy TCS than buy put with next week Expire. # This is my opinion. IF YOU HAVE ANY PROBLEM OR NEED ANY HELP THAN COMMENT OR MESSAGE ME.
NSE:TCSLong
by UnknownUnicorn22712522
10
IT and HUL end the day for Nifty past 16600NIFTY 50 EOD ANALYSIS -17-08-21 IN SUMMARY O / H / L / C 16545.25 / 16628.55 / 16495.4 / 16614.6 H-L = 133 VIX 13.41 / -0.37% FII DII: -77 Crores CHART BASED CONCLUSIONS Nifty closed above 16600 for the first time and close to the ATH level. Nifty made a higher high and a higher low. Nifty was facing resistance near the earlier day’s high and then fell sharply and recovered in the last hour or so. On daily charts, the candle looks strong with Ok volume. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters INFOSYS 27 TCS 10 HUL 09 NESTLE 08 WIPRO 07 TOTAL 61 The Draggers HDFC BANK 14 JSW STEEL 08 RELIANCE 06 ADANI PORTS 05 LT 04 TOTAL 37 Lifter - Draggers = 24 This explains why Nifty fell before recovering sharply. POSITIVES Nifty made yet another ATH and the first close above 16600. Nifty 50 IT members rallied behind the index and performed very well. INFOSYS and TCS in particular have been doing well for the past few sessions. MARUTI as well as TATA MOTORS made a good recovery from their lows. FIIs selling has reduced compared to yesterday. NEGATIVES HDFC BANK and RELIANCE did not end in the green and instead dragged the indices so some sort of pressure is likely unless they reverse. BANK NIFTY ended once again below 36000 ahead of the expiry day. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. TRADING RANGE FOR 18-8-21 Nifty baseline moves up to 1600-450. BANK NIFTY support base stays at 35600-800 and resistance at 36200-36500. INSIGHT / OBSERVATIONS WHen INFOSYS buyback was in the air, it was expected that it would happen around 1750. The day’s high was 1746.9. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. What do you feel? Thank you, and Happy Money Making! Umesh 17-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
TCS - Bullish breakout from channel pattern🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:TCSLong
by PrakWorld_Traders