TCS
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBudget over rally over? We saw Nifty closing almost exactly at the budget day's closing price, possibly owing to a resumption of FII selling. Where do you think we could be headed? Do you foresee a deeper correction? IT especially looking a little weak.
TCS LongTCS has been a fundamentally good stock which ultimately is good to hold for a long time. However, The recent budget has also been focused on IT which is an added advantage for IT Sector.
At present, the chart shows Cup and handle pattern which will fetch 10% and above on breakout. I'm holding TCS for quite a while now and looking forward to investing more.
TCS - Pullback completed - Ready to Go upObservations:
1. Formed Triangle pattern (in this year 2021) - Support is raising with the same level of Resistance - indication to go up shortly
2. Went up shortly and pulled back to same resistance level (now turned to support) - 2nd confirmation to go up
3. Targets are specified in the charts above.
Note:
I'm not recommending buying this stock. This is for education purposes.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
V Shaped recovery for Nifty in progress?Certainly looks like V-shaped recovery is on cards. Two key resistances in the path of V-shaped recovery are 18243 and 18343. The supports levels from the current closing price of the day are 18125 and 17957. Below that range 17494 which is 50 EMA will be major support. Bears might take control of NIFTY below this range. Three IT companies and their performance this evening will be key factor for the coming two days. Infosys results seems to be above par. Increasing COVID19 cases and Hawkish stand of US FED can spoil the recovery party. We still remain cautiously positive at this level as it has been a phenomenal run from the recent bottom of 16410 on 20th December. Will NIFTY glide ahead or halt and correct a little from here? Much depends on three super duper bumper results to be declared this evening.
BUY TCS AROUND 3380-3400 AVG @ 3315 TGT 3600/3900/4300 SL 3175 After missing the estimates in the second quarter, it took a healthy correction of almost 18% from the high and currently very near to 200DMA point which will be acting as a support for the stock, It is a high time for adding the stock in the portfolio after such a healthy correction for the above mentioned target with given stop loss.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty has crossed 18k, Banknifty 38k. This is despite lack of positivity from global cues (FTSE). IT stocks experienced turbulent waters as TCS and Wipro failed at higher levels, while Infosys rocked. Where do you think the market is headed?
TCS Jan 2nd week #tade 1.3
if the price trace green line buy at the arrow mark and take profit at indicated lines, boom..!
if the price trace blue line buy at the arrow mark and take profits at indicated lines, boom..!
if it goes to stop loss, the trade is successful failed :)
I dnt hv the patience to explain
Not a advisor, trade at ur own risk
happy trading :)
TCS - Price Action Analysis NSE:TCS is soon to Fill-up their gap but there is a plot.
As you can see the previous day was created as shooting star candle which indicate sellers would not allow to go price further and also you can see it has touched 61.8% of Fibonacci level at 3757. So both scenario strongly says that price could take reversal.
But any Gap up above 3557 leads price up to 3800 and any gap down below previous day candle leads price to 3615.
BUY : Buy above 3557 or wait till if price corrects up to S1 (3614-3641)
SELL : short trade might not recommended but if any support breaks you can take it or you can play reversal at resistance after confirmation candle occurs.
Yearly performance review of Nifty and BankniftyThis is how the top stocks of the top two indices of the Indian markets did in 2021. How was your 2021? Nifty gave 24% whereas Banknifty underperformed with 14% return during 2021. Interestingly, an investment in the Top 5 Banknifty stocks was more profitable than an investment in the Top 10 Nifty stocks... How do you think the markets might do in 2022?