28 Dec 2020
TCS (CMP: 2,929)
TCS has formed a Cup and Handle Pattern. The stock price is trading above all its daily exponential moving averages (10, 20, 50 & 200 DEMA). The company has started buyback of its share at 3,000. The last date to tender its share is 01 Jan 2021. This will fuel the stock for good trading bets in upcoming days.
It is showing an 8% upside potential.
Target = 3,170; Target Date: 03 Feb 2021.
Stop Loss = 2,800
TCS (CMP: 2,929)
TCS has formed a Cup and Handle Pattern. The stock price is trading above all its daily exponential moving averages (10, 20, 50 & 200 DEMA). The company has started buyback of its share at 3,000. The last date to tender its share is 01 Jan 2021. This will fuel the stock for good trading bets in upcoming days.
It is showing an 8% upside potential.
Target = 3,170; Target Date: 03 Feb 2021.
Stop Loss = 2,800
Trade closed: target reached