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TCS

NIFTY ends the week on a high note at 16705NIFTY 50 EOD ANALYSIS -27-08-21 IN SUMMARY O / H / L / C 16642.55 / 16722.05 / 16565.7 / 16705.2 H-L = 157 points VIX 13.41 / -0.96% FII DII: +868 Crores Likely open: Positive but may get sold into and then recovery is likely. CHART BASED CONCLUSIONS NIFTY not only ended the day but also the week at a record high of 16705.2. It has made a higher high, highest close but with a lower high. After a flat sort of opening, it was sold in to and then rose sharply and after clearing 16650, it kept climbing gradually through the day. On the daily as well as the weekly charts, NIFTY has formed nice bullish candles rejecting the lower levels around 16550-600. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters TCS 09 LT 09 BAJAJ FINSERV 07 SBI LIFE 06 HDFC 05 TOTAL 36 The Draggers INFOSYS 12 HDFC BANK 05 RELIANCE 02 NESTLE 02 M&M 01 TOTAL 19 Lifter - Draggers = +17 The above indicates that a larger base of scrips in the NIFTY family helped it pass the ATH level and close also at a new ATH. POSITIVES NIFTY ended the day as well as the week at a new ATH and above 16700. DIIs have bought significantly at ATH which is a big plus indicating that there is good upside potential in-store in the coming weeks/months. VIX has cooled down. 39/50 scrips ended in the green. MARUTI which had been falling consistently ended in a minor positive. This could have a sentimental impact on the other sectoral scrips as well. NEGATIVES INFOSYS is showing signs of fatigue in the short term. RELIANCE as well appears to be losing momentum as it approaches the resistance area around 2250. BANK NIFTY continues to underperform. TRADING RANGE FOR W/B 30-8-21 The Nifty baseline moves up to 16500-550. The resistances are not known for now. BANK NIFTY support base also slides to 35000-35200 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS The new SEBI regulations re no leverage come into force from 01 Sep and this could have an impact on Options pricing as more traders may switch to Options from EQUITY intraday trading as the margin benefit gets reduced. UPSTOX has delayed intraday EQ profit credit from T+1 days to T+2 days to prevent a potential margin shortfall and resultant penalty. If others also follow suit, this could create more pressure on the intraday EQ-only traders to move to Options. Even when NIFTY is at a new ATH, several scrips look beaten down and far from their ATH. This could be a double-edged sword for the scrips as well as for NIFTY. The key to further upside in NIFTY is held by RELIANCE, HDFC twins, and BANK NIFTY, which has been under pressure for a long time. What do you feel? Thank you, and Happy Money Making! Umesh 29-8-21 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
Price Action with RSI and MACD - Trade with ConvictionFor the purpose of explaining the combined use of these indicators, I have taken the example of TCS - TATA CONSULTANCY SERVICES, which recently gave a clear breakout. Know your Lines! - By joining the recent highs and recent lows of a share price, we can identify if the share has a well tested Support & Resistance or not. I prefer those with a clear defined pattern simply because all traders are looking out for these levels and there is a pretty good chance they will hold good, if not, you will know its time to exit. Catch the Support! - The key to any exchange profit is BUYING AT A LOW and SELLING AT A HIGH. While it might sound obvious, majority of people lose out because they FOMO in at a HIGH and then Sell at a Low to cut losses. Classic Failure Strategy. It is pretty normal if a stock is all abuzz in the market, but do not enter it based on the buzz, check if its already too late or not. If at all, buy at a pullback at Fibonacci levels 0.68 or 0.50 ( Higher Success Rate levels ) One Eye on the MACD! - What makes an Indicator exceptional is the number of people using it. RSI, MACD, STOCH are like the biblical indicators which you certainly want to check before taking a position. When the blue line of MACD cuts the signal line from below, and the price is around its support, chances are you will not repent going long. RSI is your best friend! - RSI is very crucial to avoid buying at a high. When it is above 70( I prefer 80 ), it is better to wait for a pullback. In a bullish market, it usually bounces back from 50, but again it differs from share to share. Identify its key support and a bounce from that level around the price support when MACD is bullish, means its a good set up for a Long Position. I also prefer to watch out for RSI and MACD divergence to see the momentum of the price. If the RSI or MACD is making lower HIGHS while the Share Price is making Higher HIGHS, it means the momentum is weaking and one must watchout for a nice pullback. To summarise, Identify the Support and Resistance, Check if MACD has turned bullish when the pricce has pulled back to its support, Check if RSI has bounced from its support and preferably above 50 ( It means bulls are in control ). If everything checks out, it should be an ideal long setup. I hope you take back something from the explanation, This strategy has almost everytime worked for me. I hope it does for you too. Keep Learning :)
NSE:TCSEducation
by Aayush_Rungta
23
TATA Group ! 28 companies Overview** ALL MONTHLY CHARTS ** to get a birds eye view of their life -1----TCS----> 2-----TaTa Metaliks=---> 3-----TaTa power---> 4-----TaTa Elxsi---> 5-----TaTa Motor DVR--> 6-----Tit@n---> 7-----TaTa Steel--> 8-----Nelco--> 9-----TaTa Motors---> 10-----Tinplate--> 11-----TaTaSteel Long product--> 12-----TaTa Investments--> 13-----TaTa Consumer--> 14-----Indian Hotels--> 15-----Voltas--> 16-----TaTa Comm--> 17-----Trent--> 18-----TaTa Coffee--> 19-----TaTa Chem--> 20-----Tata Teleservices---> 21----Rallis india--------> 22-----Tayo Rolls--------> 23-----TRF---------------> 24-----TataSteel BSL-----> 25----Benaras Hotels----> 26-----Automobile Corp. of Goa----> 27----Arteson Engineering----> 28-----Automotive Stamping & Assembly--->
NSE:TATAPOWER
by Einstein15
10
Nifty makes a new ATH above 16700 but ends flat NIFTY 50 EOD ANALYSIS -25-08-21 IN SUMMARY O / H / L / C 16654 / 16712.45 / 16617.5 / 16634.65 H-L = 95 points VIX 13.5 / +2.35% FII DII: + -1,222 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening that did not last for more than 2 hours. Nifty made a new ATH but was sold into. This is what has been happening. Yet, Nifty made a higher and a higher low and today’s low was above 16600 which is a quite a shift from below 16500 levels. Nifty ended flat, up by 10 points. Despite hitting a new ATH, Nifty ended the day with a hanging man candle or inverted hammer indicating selling pressure at higher levels. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 29 INFOSYS 23 ADANI PORTS 22 TCS 21 HDFC LIFE 14 TOTAL 109 The Draggers BAJAJ FINSERV 30 TITAN 17 ICICI BANK 10 BAJAJ FINANCE 9 JSW STEEL 08 TOTAL 74 Lifter - Draggers = +35 Despite a good +35 points positive on leaders to draggers basis, Nifty could muster a positive of only 10 points. This indicates the selling pressure intensity. POSITIVES NIFTY made yet another ATH Close and it also managed to register another ATH above 16700. RELIANCE ended the day above 2200. HDFC twins managed to remain more or less stable despite increased volatility. INFOSYS and TCS bounced back up after yesterday’s negative performance. NEGATIVES 16700 is a tough hurdle to cross this expiry as Nifty is unable to hold on to the level for long. Ahead of expiry both FIIs and DIIs have turned net sellers. BANK NIFTY fell almost 400 points after hitting 35910 which indicates that 36000 is a tough ask for the index to clear. TRADING RANGE FOR 25-8-21 The Nifty baseline moves up to 16450-500. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 35000-35200 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS TATAMOTORS bounced back from 200 DMA in a good manner though it got sold in to at higher levels. This may have been caused by MARUTI which continues to be under pressure and every rise is getting sold into. Today it tested 6700 levels. The outlook is not great was the commentary by the leadership so this may have caused the prices to slide. What do you feel? Thank you, and Happy Money Making! Umesh 25-8-21 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 EDUCATIONAL CHART COMBINING MARKET SRTUCTURE & ACCUMULATIONtoday we'll discuss about market structure and accumulation range bound market the price started a bearish trend by making lower highs then the price sustained to go any lower the market then came in range bound structure and with breakout we saw huge volumes now for the future analysis- === the strength of impulse waves is declining so we might see some consolidation/distribution phase SORRY FOR THE VOICE _/\_ if u have any doubts feel free to ask in comments section
NSE:TCSEducation
by profitpujari
4
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