stock given breakout after long consolidation !
i see a good one way uppve as per chart setup after a consolidation and fresh breakout ! move may extend even above 700 levels !
long set up after a fresh weekly breakout
currently the structure in itself looks extremely strong , minir ups and downs neglecting in intraday ! the stock according to me is set for a one way rally of 4/5 % + in coming days !
with a good comeback again to the levels , where downtrend had began its story , now stock looks promising !
the baton of 5% upmove might now be passed to this stock now ! after a tough resistance been breached on weekly frame stage is set for big big move !
i think am the first to post any thing on this stock , that s great and good ... the less the noise is .. the better ... hold for lifetime kinda stock ..
i am bullish on the basis of structure and looks that it will continue its upswing in the coming days .
bullish on the stock , for a considerable upside lets see !
i see in the coming days tcs can slide below 1900 levels .. trade with open eyes!
by just analysing the structure of market on hourly frame it seems that the downtrend may not resume unless and untill nifty holds 11014 on closing basis ! we can then see further gaps getting filled due to it ! lets just keep a track at levels closely!
the stock i personally feel bearish but yet just to mention levels and to remember them placing the idea here so as i can revisit and keep a check of what is going right and vice versa!
the stock had not performed yet , and is one of the most badly beaten stocks in the IT sector thus , now to maintain the index the stock need to perform and current structure as far as its above 650 looks very well!
see immense potential in the following stock , with a potential to deliever great returns , as due to political decision of plastic ban .. that will likely t be followed by different government as well in near future !
will like to stay long in the counter considering the risk reward ratio !