Buy 1994-97, Trgt 2025-30, SL 1985. Strong uptrend and consolidating for last 6 sessions in a very small range.
I gave the level for trade at 1900, now 1914. In future I shall be quite specific in giving a trade call.
Price at crucial resistance point 1900 where bears have written Calls. Crossing this and staying above will give a big breakout. Else correction. Q1 result next week.
I think we should get to 2300 fairly shortly, at which point it will consolidate before heading to 5000. In this case I will be out at 2300 since I took my position very late and so I cannot withstand a move back to the bottom trendline
Is it ready to breakout? Good news about buy back proposal is a booster. If breaks out of the Rounding Bottom pattern, target could be 100+ points northwards.
Post bonus and in the light of the new valuation, price is forming a base. This support may be taken seriously. The scrip is in strong bullish phase.
Price halved due to bonus in 1 to 1 ratio. Traders, investors and speculators will evaluate the financials of this second most valued stock in this new light. This will take time. Till then this counter may be avoided.
This is what I wrote on 24th May: This is what I wrote on 21st May: 'It is to face tough hurdle at 3610-15'. Today price made a high of 3615. Now if this level of 3610-15 can be saved by bulls, which may not be easy, it will be another breakout taking the price to new highs.
This is what I wrote on 21st May: 'It is to face tough hurdle at 3610-15'. Today price made a high of 3615. Now if this level of 3610-15 can be saved by bulls, which may not be easy, it will be another breakout taking the price to new highs.
It is a breakout stock. Now price is consolidating in a small range prost major breakout. It is to face tough hurdle at 3610-15. If this level is cleared by bulls, it will be the second breakout taking the price to new height. Closely watch 3610-15 particularly on closing basis.
Tata Consultancy Services seems to be riding wave 5 of wave (5). Will peak at around 3650 and then there will be a huge correction.
Frontline IT stock made maximum gain in recent days. Now there is profit booking to be seen. No. Trend may not change so soon. Wait to enter long when correction or consolidation happens.
A breakout stock, this IT conglomerate is a buy on pullback, if it comes, or if consolidation occurs.
As per my wave analysis.. Prices should go up to 3500++ levels only to drop fast.. Be ready to short on top..
TCS is trading in channel. Previously, before making up move, stock had taken support at 200 SMA. So, stock may touch 200 SMA again, before making up move. Good shorting opportunity at upper trend line. R:R ratio is favorable. Views invalid, if stock closes above trend line.
Stock seen at supports, should see a bounce from here to fill the gap area 2940-3035, stop loss 2800.
Buy on TCS has been generated by system , buy above 2846 keeping stoploss of 2794 1st target is 2901 2nd target is 2966, do it on your own risk..