TCSI got entry at 3062 on friday 7 OCT
second day huge gape down but i didnt react watching 1 hr
I always decide my stop loss on in MIND but not fit into system
I always follow stoploss on Closing base like 1 hr big candle or Daily Candle closing basis stop loss
see patience and still holding my trade my target is 3168
why i am holding this stock
1. this it field too much oversold so it show bottoming signs
Mphasis also show divergence
and LTI & Mindtree also strong
IT Index also show reversal pattern
thats my study and many more thing
Thanking you for support
TVS motor showing topping Sign so lets see what happen
Trade ideas
TCS long trade setup for October Educational purpose only: I have Two type of Eillot wave idea couldn't post which is mostly happen this confusion due to structural formation ... Both are identified but similar changes in wave 3 or wave 5 in higher degree this change my expectations.. then I wrote trade setup for this month ...
Target : 3450-3550
Critical stoploss: 2980.
When future updates are posting after the reaction of the stock....
TCS View for Earning Season - Oct 2022 Another view of TCS for this earning season..
WIll it follow the Elliot wave or harmonic pattern post results let me know who is successful in which direction in comments...
Downside 2930 Double bottom for Harmonic Entry
If breaks this level next going to see elliot wave 5 @ 2800 - 2700 levels
If holds 2930 and good results are posted since last few Qtr's have been negative
Upside good targets of Fib level 1.618 level last Target of 3490
Short & Medium level targets: 2198 / 2232 / 2375 / 3358
Support: tradingview.com/ gopro /?share_your_love=Gunshot321
All the Best Guys!!! :)
Regards
TCS Trend and financial Analysis Financial Analysis:
1) Debt free company
2) Higher PE Ratio compare to other
IT company
3) OPM Higher than other company
4) ROCE more than 40%
5) Cash Rich Company
6) Operating Expense increase will leads to shrink in Gross Margin(even though revenue increase).
7) if revenue and gross margin get shrink in upcoming Quarter definitely TCS will touch 2073 by end of mid 2024
8) if revenue decrease in upcoming Quarter definitely we can except pressure in IT Sector in upcoming Quarter
TCS at critical point. Make or break
Good Day
Hello Traders,
With Nifty IT Index falling from the All-Time high of 39446 to 26245 , a fall of 13201 points (-33.46% )
TCS with the weightage of 29.33% in Nifty IT Index made an all time high of 4043 made a recent low of 2926 (-27.62%).
If it started trading below 3000 then can go as low as 2880 very sharply, but with the current scenario one can
start accumulating for long term portfolio as it 28% cheaper. also you keep holding with strict stop loss of 3000 for a quick upside as its been IT stocks
are lagging behind.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
TCS - Inverted HnS breakout - Good for LongTCS has given inverted Head and shoulder breakout at 3025 resistance level with good volume.
This seems to be good signal of trend reversal in the stock after underperformance since long.
Good for short / medium trade/investment.
SL: Hrly close below 2975 levels.
It looks like its forming an "W" pattern. Its an early entry. Its an early entry which will give an great risk to reward if the analysis comes true and if not can give very small stop loss. This pattern will already give 1:3 risk to reward trade till it goes to its neck line. and after its neck line breakout we can even sit for an technical pattern of W. Which will again give as very huge risk to reward ratio.