TCSPrice is near the resistance zone. Will it break the resistance or fall down? Price action will give the reply in few days. Taking fresh longs is risky at this point.
TCS trade ideas
Rounding bottom formation on TCSKey Notes on TCS-
- Rounding bottom formation on Daily candle
- RSI Bullish Trend
- Positive Results
TCS at Demand zone sure callTCS at demand Zone: 3333.80 to 3473.70
buy at : 3473.70 near price
target 1: 3705.80
target 2: 3994.80
target 3: 4358.10 ( expected jan 2022) 25.4% return and annual return expected: 101.83%
stop loss :3138 (9.66%)
risk reward ratio: 1:2.5
TCS INTRADAY ANALYSISAs we see the symmetrical triangle formation in the TCS. we can enter either side after breaking NO TRADING ZONE.targets are mentioned in the chart itself
TCSTCS is respecting this trend line and this is the fourth day it close above its trendline . If tomorrow 1 green candle form above the trend line it will be a good conformation for a long position.
TCS BULLISH BREAKOUT - positional TCS after recent correction again heading to bullish after breakout seen in daily chart. bullish confirmation candle seen clearly on chart .
As Prime bet from IT Sector TCS can outperform even in falling market .
BUY TCS @3640
TARGET 3850-3900 (1 month )
Stop Loss 3450
This analysis purely base on technical indicators please make own study and take final call.
Wish u Happy Trading !!
TCS Buy-back & how I got it rightTCS BUY BACK & HOW I GOT IT RIGHT
BACKGROUND
TCS declared its Q3 results last evening and it was expected to announce a share buy-back proposal. This news was available ahead of the results and therefore, I decided to work out what could be the likely buy-back price that it may offer.
Based on my observations, TCS has a tendency to cross the buy-back price and then retrace either below or around the buy-back price just when the buy-back approaches. The logic is that the scrip is unlikely to trade above the buy-back price and is more likely to fall for some time.
INTENT
I have holdings in the scrip so I was eager to test my logic of arriving at the likely buy-back price.
In the past. I have traded TCS pre and post-buy-back with the intention to make trading gains so I may enter a trade as & when I find a good risk-reward opportunity.
So my intent was to know the likely range that it may offer should I decide to buy TCS.
WORKING
In my view, a company that opts for buy-back of shares is either trying to compensate the shareholders from the available surplus or it may be willing to consolidate its own position as it expects improved performance in the coming periods. It could also be for both the reasons. In reality, I am not affected by their reason as long as the price offered is at a better premium than the ruling price. This will motivate me to stay put with my holdings and or induce me to initiate a new trade.
My work to arrive at the price was done a day ahead of the announcement and for those who may be quick to think that what is the point in writing the article post-facto, I have pasted a link to the video where I have stated the price range that may be used for arriving at the buy-back price.
On 11-1-21, TCS closed above 3900 so I kept 3900 as the base and did the following:
Case 1
The offer price could be at a premium of 10% to the ruling price.
So, 3900*1.10 = 4290 so I rounded-off to 4300.
Case 2
The offer price could be at a premium of 15% to the ruling price.
So, 3900*1.15 = 4485 so I rounded-off to 4500.
The reason for 10% is that it is a good enough incentive to the shareholders to tender the shares and is more than the returns that a debt instrument would give.
The reason for 15% is that the company may want to top up the premium with a hidden component of dividend which is otherwise taxable.
My conclusion was that TCS may offer the buy-back within this range with 4500 being the cap as I felt anything more would mean that the company may be doing social service than rewarding its shareholders.
My reading was that the shares would in any case not cross 4000 immediately as TCS has the tendency to go sideways to negative post results and as the time elapses from the result release, it goes down if the sentiment is not positive.
CONCLUSION
Since I have some holdings in TCS, I am happy that a part of that would be tendered at the final price that the company may announce .
I now have a range of 600 points from 3900 to 4500 which is available for me to decide about trading the scrip subject to the right set-up and more importantly funds availability.
I am now encouraged to test the approach for such announcements that the other companies may make.
Here is the link to the video:
youtu.be
I would be happy to read your feedback.
Thank you,
Umesh
13-1-22
Not SEBI Regd.
Shared for the purposes of Educational & Informational purposes only.
Tcs Tcs
2 target
Up 4070
Down 3640
My view mostly relavany up move to only use. This idea target 4070
Today also Q3 response
TCS Potential TradeTCS is on the verge of Breakout. As you can see in the chart, TCS has faced resistance from this particular level and if this level breaks, it can give a good profit.
Moreover, TCS has formed a rounding bottom pattern and the market sentiment currently seems positive. Keep this stock in your watchlist.
My thoughts on TCS Buy Back priceIn this vide I talk about what is the price at which I would like to offer shares to TCS under the proposed buy back offer which is to be discussed in tomorrow's board meeting.
Please let me know your view.
Thank you,
Umesh
TATA CONSUMPositional Trade
Buy Range - 3640 - 3671
TG - 3900 - 3920
CBSL - 3550
R : R - 1 : 2
Trade with Your Risk...
@ This idea Is Only for Educational Purposes @
TCS CUP & Handle Inverted H&S Forming in Long Term PerspectiveTCS CUP & Handle Inverted H&S Forming in Long Term Perspective
IF TCS Breakout this Cup & Handle Next it will from the inverted Head & Shoulder it Will reach 4500 as Target
TCS Buy Following TrendlineTcs is buy . MCAD crossover and RSI divergence , Stock is following its trendline and respecting 200 DMA .
Target 1 3700
Target 2 3900
SL-3400
Tata Consultancy Services Ltd ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO WATCH FOR EDUCATIONAL PURPOSE ONLY
Tata Consultancy Services Ltd. with target of RS 4500 CMP IS RS 3879.85
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 3750
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
TCS LongShall be adding position on TCS once LL LH structure gets broken due to:
1. Near CIP zone.
2. Channel support area.
3. RSI divergence
Please trade according to your knowledge. I am not a SEBI register expert. This is just for educational purposes
Morning Doji Star in TCS.After the result date TCS has fallen with a gap down, since a downtrending market is in place. With a long bearish candlestick, which is followed by a Doji Star shows an indecision and gives a sign of possible trend reversal. Just like the regular Morning Star, confirmation on the third day fully supports the reversal of trend. This type of Morning Star can represent a significant reversal. Therefore it can be considered as more significant than the regular Morning Star pattern. Aggressive traders take entry above the current bullish candle and many traders enter the trade above the bearish candle of this candlestick pattern with a stoploss below the doji candle formed. My suggestion of entry is to wait for the price to give a closing above 10 EMA and RSI value above 40.
TCS TCS showing Head and shoulders pattern in short time frame (15mins). Good trade for couple of days.
