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TATA Consultancy (TCS) May Fall, It can be Shorted 24/02/2021 Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The Company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products. Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS MasterCraft, among others. It serves industries, including insurance, healthcare, retail, telecom and others. Technical: as we can see the price was in a bullish channel and it has now broken the lower boundary of the same channel there exist bearish Divergence with MACD and MACD Histogram which is the sign of trend reversal and we can be sure after some candle confirmation that this Ticker is going to fall if the Channel break is confirmed by some candle pattern. as of now we can have an eye on it for shorting it after some confirmation
NSE:TCSShort
by BitonGroup
6
Tata ELXSIPerfectly moving in a channel since new year break out happend 20 sep21 and sustained above channel for a month then market went down so Tata elxsi, however again took support of upper trend line of channel from February on 8 nov and this week retested the same, as per DMI last buying level given in may2020. Still quite away from ema20, however have been following ema9, current analysis indicates may go sideways for couple of days before it starts rally upwards and make new high. Anytime if reaches around 5866 would be a great buy.else need to wait until forms green candle with ema9 support, can go long on that level.
NSE:TATAELXSI
by praveshk2
Trend meets its trend lineprice was doing great but since it made double top it was in a bearish trend. this bearish trend meets its support near lower trend line. than it got coronavirus reset since than it is in bullish trend this trend reversal started near white lower trend line has reached upper white trend line. what next for price from here ? it has made its 50% retracement of bear market price is testing upper trend line which has made fake breakout near blue arrow inside yellow ellipse than breakout than retracement back to trend line before making double top. which increase the importance of this upper white trend line bulls buying at the bottom taking profit at 50% and upper trend line price at the upper trend line of blue channel bullish breakout or retracement from here
NSE:TATAMOTORS
by Sangam-Agarwal
1