Trade ideas
Reason for why should you watch TCS !!TCS has given a breakout today & it's also at a good level to catch
Why TCS over all other IT Stocks NSE:TCS
Reason: Strength
When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding.
Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM
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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