TCS
TCS 8% upside in a month28 Dec 2020
TCS (CMP: 2,929)
TCS has formed a Cup and Handle Pattern. The stock price is trading above all its daily exponential moving averages (10, 20, 50 & 200 DEMA). The company has started buyback of its share at 3,000. The last date to tender its share is 01 Jan 2021. This will fuel the stock for good trading bets in upcoming days.
It is showing an 8% upside potential.
Target = 3,170; Target Date: 03 Feb 2021.
Stop Loss = 2,800
MORNING STAR FORMATION IN TCSA morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day.
Clearly, Morning star is formed in TCS today. It's ready to move upside.






















