TCS completed its breakout today and is approaching all time high territory again. Might pull back to 3750 before resuming the rally.
Also, strong results expected might cause it to break ATH.
Rising delivery volumes gives me high conviction in this counter.
Entry near 3760 range
T1 = 3915 (it fell from here after Q2 results and created a huge gap till 3750)
T2...
Asian Paints seems to be consolidating near its resistance zone.
Breakout only above upper trend line with volume.
Take entry near the close of day when the upper trend line is broken with a large green candle with the stop loss as candle low.
Target - 3450. All time highs possible as well.
HDFC AMC is near its long term support zone of 2000-2100.
If it gives reversal from now, can go on and become a rocket.
However, caution on going long as we should wait for a confirmation. (Closing above 50 DMA, or 20 EMA for an aggressive entry).
Stop Loss - 2250
Target Reward/Risk - 3:1
Can trail stop loss at 2:1 for more cautious booking (as the market is...
