result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ... let's see what will happens in IT in india
Trend Correction is Getting Over, IT has started to look weak, TCS is at Upper Trend Line and at Major Resistance, Volumes are lower op Trending Up, Target Can be of Around 2000, 1700 with short from around 2400.
Happy New Year to all. New year has arrived with new opportunities. It is always good to start a new year with profitable note. Our short NIFTY and other selected stocks positions ( via puts of courses ) is well in green and now it looks like the test of solid support levels near 8200 / 8000 is inevitable in coming sessions. Many of the trades we have...
THREE REASONS - PIN UP BAR AT 200DMA - CLOSE ABOVE 100 AND 200DMA NEXT DAY CONFIRMS REVERSAL - STRONG SUPPORT AT THE LOWER RANGE OF THE TREND CHANNEL. (LT BULLISH TREND INTACT) HIGH-RISK REWARD TRADE. MAINTAIN STOPLOSS AS IT RESULTS EXPECTED THIS WEEK
Like Infosys, TCS is searching for a new direction. Being one of the best IT servicing company, there has been lot of premium built up already and it is finding tough to crack 2800 mark. Last time we touched on TCS about a year ago, it was forming a double top near 2800. ( bombaybulls.com ) After that it tried to go there couple of more times but all efforts...
TCS is out of down trend channel formed on daily chart, price is moving up forming new swing highs and lows which is good sign. In short trade one can book some profit around 2309, if price continue current short term up trend then one can hold the position till supply zone.
A perfect double top is formed in the resistance zone itself. Q4 results are coming on Monday ( 18.04.2016), so keep a note of it and trade accordingly. If all goes as our study , we are looking for 100pts downward move. Trade Safe ! Happy Trading !