TCS trade ideas
TCS - Short Hedge Trade Hi All
My analysis is based on wave trend oscillator and fibnocci retracement. In the Above chart as per analysis wavetrend crossover happened above over bought zone. as for retracement wait for price rejection at 0.382 or 0.236. if 1 hr candle closes above 0.236 then analysis is void. if price rejects this level then enter short trade.
Trade Details for hedging
(December Series )
TCS FUT Sell at - 3350 to 3360
TCS 3340 CE buy at - 75 to 77
Target 3217 in cash
stoploss close above 3363 in cash
TCS CMP 3100 Buy for Target 3200-3300-3400-3500-3600-3800-4000+TCS CMP 3100
Buy for Target 3200-3300-3400-3500-3600-3800-4000+
SL below 2850 ( weekly candle closing basis)
Holding period 6-9 months.
TCS 3100 CE buy CMP 63.9 buy for target 90-120-150-180-200-250-300+
sl below 35
holding period 10 days
TCS - At important Junction3270 - Will act as strong support
3240-50 - Will act as strong support area
3280 - Will act as strong resistance
3290-3300 - Will act as strong resistance area
Stock may consolidate here for some time
Any big move above 3320 or below 3240 will decide the fate of the stock
RRG data also suggested IT sector to Lag before strengthening
Better avoid taking any side bias until one side is clearly broken n sustained
TCS SWING TRADE OPPORTUNITYRecently 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 DAYS.
CMP-3343
SL at 200 EMA
TCS case studyTCS SPOT CMP :- 3366
Counter is trading around resistance zone as per descending parallel channel formation.
counter might face resistance in zone 3364 to 3381 levels,
this range should be used to exit your long positions,
view gets negated above 3422 levels,
fresh investment recommended above 3425 on daily closing basis,
down side counter might retrace upto levels of 3200-3150
Time to be cautious on long side..
TATA CONSULTANCY SERVICE MID TERM TO LONG TERM SWING#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
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
pin bar candlestick pattern TCS
Time frame- DAILY
*Entry - 3220
*Stop loss - 3165
*Target - 3430 (6.4%)
*Short term
*Reason- RSI above 60. Bullish candlestick pattern
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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