It broke 3124(R1) and now about to break 3168(R2). MACD cross at 3122, RSI indicates more upside. TK cross over at 3088 on hourly chart. Ichimoku cloud break out at 3101 and look set for getting close to nest resistance 3256 which is close to our TGT.
BUY TCS RANGE 3050-3080 TGT1 3120 TGT2 3155 SL 3024 SELL TCS BELOW 3024 TGT1 2980 TGT2 2950 SL 3051
POSITIONAL INVESTMENT VIEW IN #TCS BREAK OUT RETEST 3130 - 3140 BUY TCS 3130 - 3140 STOP LOSS - 3040 CLBS TARGET -3250 3300 3050 3600 ++++
TCS IS NOW ON A TREND LINE SUPPORT GOOD TIME TO GRAB THIS GIANT STOCK FOR SHORT AND LONG TERM
After a commendable run post good results and buy back. TCS has moved back into its upwards channel and is not consolidating with support of the gap created on Buyback news. December month is good option to sell calls of 2750 and take long positions on closing above 2750 for 3000 levels.
Short Term Cash Buy TCS @2360.00-2367.7 SL 2313.7 TGT 2449(Short term trend remains positive) Last time we did 2285->2360 and booked good profit, it is continuation of short term trend. Above VWAP and about to break R2 2378-2383 once it breaks it convincingly can see upside in the range 2450-2490. MACD cross over + TK cross over + folloed by ichomoku cloud break out
Short Terma Cash Buy TCS @2275.00-2280 SL 2214 TGT 2395 Crosses the pivot point 2267 and next resistance 2318/2378/2490 We expect the momentum to continue as its above VWAP and TK cross over with MACD cross over
Ichimoku cloud break out + MACD cross over + TK cross over + Above VWAP so we expect rally to continues 2350-2400
This is my weekly perspective on TCS. If the resistance is broken then expecting a good movement. Only for educational purpose. Also let me know your view on this post.
TCS if moves Below 1890 it is going towards 1850 - 1820 Stop is at 1905 and 1912 CMP 1902 Stop 1912 Tgt 1855 and 1833 Do not follow blindly, please do your own research.