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TCS

TCS: Classic Down trend Channel, Chart setup & trading strategyIn our July 2022 coverage, we had marked the red line zone as possible resistance zone and that is precisely what TCS has followed. It has fallen exactly from those levels - If we look at the broader picture, Since the beginning of the year, TCS has been trading in a classic down trend channel. Now with results round the corner, the stock is in the middle of the channel range. In the current set up - we also observe a gap recently formed on September 14 2022 and the stock has struggled to surpass that gap so far - stock is trading below 21 day EMA and below 53 day EMA There seems to be lack of confidence and /or lack of belief amongst bulls even at current levels to go Long in the stock. The Blue line is where things might look better for TCS buyers (refer the chart below) You can plan your trade accordingly. Not getting in to details of trading idea here, as efforts don't get the deserved Likes and Follow. 😒 Best wishes & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCSShort
by indiamarketoutlook
5
IT INDEX looking for 2XAs predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there. Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector 1) Golden pocket zone of 2020 bull run 2) Bounced from the long awaited channel trendline 3) Taking support at previous support zone of 25-26k Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
NSE:CNXITLong
by Ashray_G
BEGINNERS RULE :1. Before starting any new venture, we must learn the basics of that subject. So, learn the basic ABCD of trading. 2. Beginners should avoid the Futures and Option (f&o) trading. First, one needs to get a good grip over the cash equity segment. 3. Learn technical analysis and try to master any one strategy and stick to it. 4. Avoid dependence on anyone for too long, "Trust your own setup always” 5. Don't be impressed so quickly and start dreaming after seeing other trader's earning or profits screenshot. 6. 'Simplicity is the best policy.' Keep your analysis simple and stick to basics. 7. Backtest your new setup for at least 3 months to find out the Return on Investment (ROI) percentage. 8. Price Action is above all. Don't complicate your study with too many indicators/tools. We have come here to earn money, not to complete a Ph.D. 9. Avoid business/finance TV channel recommendations. Don't follow it blindly. 10. Mistakes are fine but try to avoid committing again and again. 11. Use proper and safe trailing stop-loss. Keep learning and earning. Happy profit making :)
HEducation
by Divyaapugal
6
TCS Trend and financial Analysis Financial Analysis: 1) Debt free company 2) Higher PE Ratio compare to other IT company 3) OPM Higher than other company 4) ROCE more than 40% 5) Cash Rich Company 6) Operating Expense increase will leads to shrink in Gross Margin(even though revenue increase). 7) if revenue and gross margin get shrink in upcoming Quarter definitely TCS will touch 2073 by end of mid 2024 8) if revenue decrease in upcoming Quarter definitely we can except pressure in IT Sector in upcoming Quarter
NSE:TCS
by satheeshSelvisubramanian
TCS at critical point. Make or break Good Day Hello Traders, With Nifty IT Index falling from the All-Time high of 39446 to 26245 , a fall of 13201 points (-33.46% ) TCS with the weightage of 29.33% in Nifty IT Index made an all time high of 4043 made a recent low of 2926 (-27.62%). If it started trading below 3000 then can go as low as 2880 very sharply, but with the current scenario one can start accumulating for long term portfolio as it 28% cheaper. also you keep holding with strict stop loss of 3000 for a quick upside as its been IT stocks are lagging behind. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:TCS
by Piscean17th
Are You still Bearish in IT stocks ???IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index. On an Hourly TF index is bullish above 28k, On a 4 Hr TF index is bullish above 28.5k On a daily TF index is bullish above 29k On a Daily TF index is bullish above 30.5k once the index will hit 30.5k then it will complete a cup pattern + an Inverted HnS pattern on Weekly chart. so Stay tuned to it, Note - These levels are drawn on Fib level & support/Resistance, setup may take time of 3- 6 months. Its not a trade recommendation.
NSE:CNXITLong
by TheStocktrader_Skn