Tcslong
TCS - CMP 3050.TCS - CMP 3050. Can be taken with SL of 2880 on CLBS for a target of 3150, 3250++. It has corrected from decent rise and it has taken support 2883 which is also 100EMA and Bollinger band lower end. RSI also took support and moving up which is positive. MACD blue signal also has crossed red signal just recently and is also a positive indication. Yesterday also it closed at high. It may go at least go to recent highs of around 3340. This is purely for educational purpose and not an recommendation.
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.
TCS, BUY opportunity @ 2920Reasons to LOOK for Buy:
1) Clearly in an uptrend.
2) In the pullback phase to hit the previous support zone.
3) Support zone contains 50% retracement line.
4) Price may also hit 20MA in the zone (thus considering 20MA as support)
Look for buying opportunity in lower timeframe
SL @2882 as per Risk.
Position sizing as per Risk.
TP @2980