TCS
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe markets still seem to be in limbo. Almost feels like a car that's doing a burn out—the power's there, the action is there, but the car just isn't going anywhere. My view on the market overall still remains the same, but I do feel that Monday might be a decider for some important stocks like HDFC and Infosys. What's your view?
TCS Following FibonacciTata Consultancy Services moves in a channel upwards, then retraces, exactly to 78.6% basis Fibonacci.
If TCS makes a recent top, you can get short opportunity all the way down to 78.6% irrespective of what NIFTY IT does.
Wait for the top, and breakdown from channel before entering trade. Keep trailing stop loss after every day.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBank Nifty Under Pressure, Nifty Stays Afloat. I feel the trend is similar to what we discussed in the previous videos, so hard to comment on that. Interestingly, today the indices defied global cues and faced choppiness despite VIX falling below 24.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIndices failed to hold higher levels & ended in red. I feel this is not a very big cause for concern as long as the week's lows are held. In fact, if they are held then we could be seeing early signs of a reversal in the short term trend. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe market saw rejection from higher levels today, but banks managed to perform a little better. The short-term structure seems reasonable, but the volatility still continues. Today was a tricky day for intraday bulls, especially if we do not consider the final hour or so.
TCS Good Zones For #Bottomfishing Best Buy Zone: 2889 - 3398
Good Buy Zone: 3398 - CMP
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
TCS HARMONIC LEVELS FOR POSITIONAL TRADINGTCS is currently in a correction mode, and it is likely that we may see further weakness in the stock, and stock could move lower to 3400 to 3200 levels in the near term.
This is a great stock for Investment and for positional trading also.
I can see butterfly pattern formation on its daily chart, which is suggesting a good support area around 3400 -3367 levels and at 3180-3208
Stock can be bought in tranches as both of these levels can be seen in the stocks.
Disclaimer: Not a recommendation to trade.