#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalTCS
Stock recently broke its resistance of 3715 levels
Buy at CMP for Short term target of 3765/3825
Its a portfolio stock, so can be kept for long term also.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Trade ideas
TCSCurrently the stock has discounted 11% from all time high levels.
TCS (Daily):
1. Stock has closed above 200 Days Exponential Moving Average
2. Increase in Buying Volumes since 3 days
3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support)
4. Formation of Double bottom pattern on a major demand zone (around 3400 levels)
5. Formed a Marubuzu candlestick pattern today
View Point:
1. Looks Bullish
Addl Points:
1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr.
Notes:
1. The above analysis is just for educational purpose.
TCS shortTrade details:
Monthly tf: Market reach the all time fib extension levels (1.618). possible to came for correction.
Weekly tf: sideways going on
day tf: market reach the day support but, still it not change the trend to up trend, still we have a possibilities to sell
Hr tf : day tf correction completed (0.328) and hr tf trend was changed.






















