TCS
#TATAMETALI #TATASTEEL #TATAELXSI #TCS #TATACOMM #TATAMOTORS #IT#TATAMETALI
CMP 875
Target 1040
Sl 755
Time frame < 3 months
NSE:TATAMETALI
INVEST & HOLD NSE:TATAMETALI
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
NIFTY ITHello & welcome to this analysis on the IT Index.
With Q4 results starting from 2nd week of April, IT stocks will once again be in limelight.
If the index can sustain above 36700 it could lead to rally till 37750-38000 where it has a line of polarity besides a Bearish Harmonic Cypher.
This continuation of bullish outlook is valid till its above 36000. Failure to hold it would take it down to 35250-34500.
Key levels to watch out on both sides 36000-36800 for a trend direction move.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsYesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC Twins have completely changed sentiments today, helping Nifty close above 18k and helping Banknifty gain 1500 points. In this video, let's take a look at why I had a bullish bias and how we could have analyzed this move + do our daily market analysis.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBulls were able to take charge once again, with Nifty holding fairly well around 17.5k. I feel it's an important sign for the overall trend. Reliance did quite well. My view on the market as a whole still remains the same as I feel it's still a little early to comment on whether this positivity can and will sustain. Curious to hear your thoughts as well.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsEven though the market is still very clearly sideways, it appears as if the bulls are charging up. Of course, there's always a chance that this view fails spectacularly overnight, but I feel there's a chance we might be looking at more of a bullish bias than last week. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe markets still seem to be in limbo. Almost feels like a car that's doing a burn out—the power's there, the action is there, but the car just isn't going anywhere. My view on the market overall still remains the same, but I do feel that Monday might be a decider for some important stocks like HDFC and Infosys. What's your view?
TCS Following FibonacciTata Consultancy Services moves in a channel upwards, then retraces, exactly to 78.6% basis Fibonacci.
If TCS makes a recent top, you can get short opportunity all the way down to 78.6% irrespective of what NIFTY IT does.
Wait for the top, and breakdown from channel before entering trade. Keep trailing stop loss after every day.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBank Nifty Under Pressure, Nifty Stays Afloat. I feel the trend is similar to what we discussed in the previous videos, so hard to comment on that. Interestingly, today the indices defied global cues and faced choppiness despite VIX falling below 24.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIndices failed to hold higher levels & ended in red. I feel this is not a very big cause for concern as long as the week's lows are held. In fact, if they are held then we could be seeing early signs of a reversal in the short term trend. What's your view?