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BeingNick
Oct 11, 2021 7:05 AM

TCS - Buy a Good Stock on Bad Day / Slowly build positions Long

TATA CONSULTANCY SNSE

Description

Buy a Good Stock on a Bad Day. / Slowly add at every support level and build positions. (20%+20%+30%+30%)
Scrip: TCS
Enter: This is an investment idea for medium term to long term horizon. Slowly build positions in the support zones over a period.
Support & Entry levels for building positions - 3720,3400, 3150, 2880 (in case market sell-offs happen)
The stock is a market leader, segment leader and Fundamentally very strong company. A TATA group enterprise.

Please note: I am not a SEBI registered Investment Advisor. Please invest and trade based on your knowledge and risk profile.

Trade active

Bought some bit at 3600 and added to the portfolio.
This is an investment idea.

Trade active

Bought some bit at 3700 and added to the portfolio

Trade closed manually

Booked Profit @ 3835 as market again becoming volatile and COVID 3rd wave beginning in INDIA and Mumbai. Profit of 235 price points.
Average entry was 3600.
Comments
kpeeyush6
how much you think market will dip
BeingNick
@kpeeyush6, Market will keep doing sectoral rotation for now and purge out week hands by giving surprise corrections and then reversing.
TCS may likely kiss 3400. No one can predict for sure.
But also be mindful that now the price moves in both direction will be bigger and volatile as we getting closer and closer to a climax in the making.
Cheers.
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