TCS trade ideas
TCSTCS CMP 3427
looking at the structure ,
I get the sense that TCS is still in corrective phase...
from here it can go to flat/triangle/normal zigzag ..
since all possiblities are open..
not thinking of targets
but would keep a tight sl if I am on buyside
Just a View
Vedang :)
Chart is for study purpose only
TCS near breakoutTCS after making Head and Shoulder pattern last year is now ready wih inv. head and shoulder.
if we observe weekly charts 3350-3450 is a hurdle, above it would be a breakout which may take it towards 3600 levels.
we can draw fibo for particular targets.
RSI and moving averages are positive.
take 3300 as sl if needed otherwise take it in portfolio for longer term.
Dis - just for learning not a recommendation.
TCS - Great short at 3430 It will give slight breakout of trendline and fall from the previous supply zone
Goes ex dividend at same time
Follows Trendline
Overbought on RSI
Slowing volumes on uptick
Matches Global Weak outlook
SL 3449 (-19)
Tgt 3200 (+230)
Caution : FNO can cause heavy losses on bad position sizing. Do your own research before taking trades. Not a registered analyst.
INDIAN IT INDEX & STOCKSHELLO ALL, GOOD EVENING,
VERY INTERESTING MARKET CLOSED DEEPLY NAGATIVE,
DESPITE OF GLOBAL & INDIAN MARKET, IT SECTOR IN POSSITIVE.
Accenture results good, but guidance given some low comparitively less than
last quarter. it sector going to anounce jan 12 start with infy.
just check TCS, INFY & HCL THESE
1.Closed above moving avg
2. fibb retracement done & going up ward direction
volume supporting
keep on eye IT STOCKS