Hi All , Nice weekly Bull candle, Nice trendline support wait till EOD tomorrow: Simple strategy (If close is around 2600 Tomorrow): 1) Buy 2600 call (currently 20 rs) , Sell 2650 call (currently 6 rs) ---- Risk 14 rs per lot i.e 3500rs If close is not around 2600-2610 tomorrow than will update this after looking at option price around 3 pm. Don't...
i will like to sell tcs for a good downside target as it looks technically weak!!!!!!
A nice Pick for a swing/ positional trade for this week is a short trade of TCS, Because the market NIFTY is overbought & is the world's most expensive market based on PE valuation so its better to short rather than to buy anything in nifty 50, and a recent filter showed TCS as overbought technically and seems to have formed a double top and is moving down, The...
TCS seems to be a LONG based on ascending triangle pattern, if it breaks the resistance line with confidence.
TCS- Moving in a Ascending triangle for a longer term. Expected bounce back from 2420 levels. Dont expect a fall below 2390. tgt-2530. above 2530 will make new lifetime high.
Tata Consultancy Services which is famously known as TCS stock, has formed bullish harmonic pattern on daily chart. May test 2550-2600. Support seen at 2420.
Price on Pivot Point and Trend line appeared. It may break the PP and Trend line, then it will test the level of R1. Trade: Buy above - 2464.50 Target - 2606.50 Stop loss - 2380 Risk - 84.50 Points Reward - 142 points
If the Nifty index closes aboce 10270 by the EOD, go long and keep targets and SL as per the chart. Kindly suggest if you see any problem with the chart setup :)
We are looking at a 8 year Nifty IT chart Lets see what the chart is trying to tell us... - Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels - Since Jan 2009 till March 2015 the index has been making higher top higher bottom - It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis Hence...
Trend reversal with trendline breakout. Go long on TCS with initial target at 2400 Keep Stop Loss at 2300
Yep ! TCS results are coming out in 4 hrs I guess. Yesterday itself TCS board has approved for share buyback, if I'm not wrong its around Rs.2800 I believe. So, a share buyback will always increase EPS of a company, here also it can happen. But Results are coming out so there may be wildswings on any direction bcos we can never predict how Market views results....
IT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation. For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise...
TCS forming a wolfe wave.. tgt could be 2480 once triggered.
Based on the monthly chart, it looks near term long is possible with atleast target of 2560 with stoploss being 2400
Strategy: Buy @ 2407 and add more for 2600+ target ------------------------------ TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave...
For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line... Shorts can be made for the targets of 8800...