TCS has just given breakout of trendline in 1D time frame. But we should be cautious also as it is on the R2 of Pivot Points. One can go long as soon as it crosses the R2.
The Scrip is @ support and trying to hold 50dma which is a good level for short term entry for prescribed target and stop loss. As the results were below expectation but they were not that bad to make any further downside move as dollar is supposed to be strong in upcoming time.
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.
symmetrical triangle at supports :)
BUY TCS RANGE 3050-3080 TGT1 3120 TGT2 3155 SL 3024 SELL TCS BELOW 3024 TGT1 2980 TGT2 2950 SL 3051
TCS has been respecting the range proposed in the last idea. Still waiting to see closing above 2744 for a significant upside. However, we can see formation of a reverse head and shoulders pattern at the resistance line of 2744. This means a breakout on closing basis shall take the stock up fast.
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.
TCS just broke the supply really undervalued companied among other tech giant having price in $ not justifying the price here. this stock value more than 5000 rs we just stated here below 2350 is a good buy with stop below 2100
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
price now at supply zone we have really huge wick and selling pressure at this zone and if we crush this zone than we can add some long at this zone at retest.
Need to settle in channel Adding some stock here Below 2100 Stop : 2000 Target : 2200 , 2300
all target done successfully and now price at resistance will take some time to clear above zone
TCS Technical Analysis! Tata Consultancy Services
Volume is good we need daily close above the Trend line Support if we have that on monday market than ready for the big 10% jackpot