TCS is looking good to buy as its quarterly result is on the corner. Also, the chart shows strong support at the 3200 to 3300 zone.
one can take a position on TCS as it has an excellent risk-reward ratio this position.
stop-loss marked with the red line on a daily closing basis.
targets are kept in the green line
TCS Short Selling Recommendation
This report aims to provide a technical analysis of the TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements.
TCS is an Indian...
This report aims to provide a technical analysis of TCS stock and a recommendation for short selling the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements.
Tata Consultancy Services Limited (TCS) is a leading...
Recently IT stocks corrected more than 30%,
in last 20 days most of the IT stocks up more than 10%.
TCS is heavy wieghtage in IT index, if IT move we can expect some more pull back
Technically it crosses the 200 ema,
Volumes are increasing at this level,
Sustaining above resistance level,
IT MAY CHANCE TO GIVE MORE THAN 15% RETURN IN FOLLOWING...
#CONSULTANCY SERVICE Falling wedge pattern (down trend channel) breakout on weekly time frame, also posted good quarterly results, good fundamental stock. wait for retest.
BYU around 3260
TGT : 3430, 3600, 3835, 4043
SL : 3470 Daily closing basis
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your...
Right now if you look closely the nearest Gap is "3225" & then Trendline, If both are taken away with a strong candle then we can see other gaps to be filled sooner or later.
If Gap up opens then we have to watch out for Buildup & Volumes.
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...
TCS - NSE:TCS - Short Term BUY
TCS (Tata Consultancy Limited) has been falling since last few days due to agressive selling in market . it has fallen from levels of 3300 in recent week. I Guess the impact of results has given good oppurtunity to enter this stock for short term . Kindly trade with Stoploss mentioned on chat to avoid any unfortunate trap in...
TCS has formed bullish harami pattern and looks good to buy if sustains above 3245 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team