Tcs Looking Very Strong Near Day Support Zone 3390 - 3350
Strong Reversal Seen In Tcs After Retest Previous Breakout
Tcs Big Buying Opportunity Cmp 3490 - 3500 Spot
Stop Loss Below 3350
Target 3900 4200 4500 +++
After missing the estimates in the second quarter, it took a healthy correction of almost 18% from the high and currently very near to 200DMA point which will be acting as a support for the stock, It is a high time for adding the stock in the portfolio after such a healthy correction for the above mentioned target with given stop loss.
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
It broke 3124(R1) and now about to break 3168(R2).
MACD cross at 3122, RSI indicates more upside.
TK cross over at 3088 on hourly chart.
Ichimoku cloud break out at 3101 and look set for getting close to nest resistance 3256 which is close to our TGT.
After a commendable run post good results and buy back. TCS has moved back into its upwards channel and is not consolidating with support of the gap created on Buyback news.
December month is good option to sell calls of 2750 and take long positions on closing above 2750 for 3000 levels.
After a big run TCS paused for some time. And didn't close in weekly candle below 2650. Now it's looks like to ready for another break out in chart and RSI. If close above 2680 in 1 hour candle buy simple.
Short Term Cash Buy TCS @2360.00-2367.7 SL 2313.7 TGT 2449(Short term trend remains positive)
Last time we did 2285->2360 and booked good profit, it is continuation of short term trend.
Above VWAP and about to break R2 2378-2383 once it breaks it convincingly can see upside in the range 2450-2490.
MACD cross over + TK cross over + folloed by ichomoku cloud break out
Short Terma Cash Buy TCS @2275.00-2280 SL 2214 TGT 2395
Crosses the pivot point 2267 and next resistance 2318/2378/2490
We expect the momentum to continue as its above VWAP and TK cross over with MACD cross over