Wednesday, 10 January 2018

IN THE LIGHT OF RESULTS TCS LOOKS BULLISH


BUY TCS ABOVE 2775 TGT 2810/2840 SL 2725
SELL TCS BELOW 2750 TGT 2700/2660 SL 2810

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Today, TCS stocks spurt 3.6% ahead of results. In the immediate future market will look for more budget-related cues and as per progress of Q3 results season. For this week, IT stocks will remain in limelight – TCS and Infosys will report their results for the quarter ended December 2017 on Thursday and Friday respectively.
                                     Primary trend of the TCS is bullish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term, medium term and long term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 2775 level. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 70, one may expect the targets of 2800/2840/2860 in the stock if it manages to sustain above the immediate support level of 2700. below 2725 one may expect the target of 2670/2660.
DAILY CHART FOR TCS:

 


3 comments:

  1. i do holding and i have bought nifty 1 lot @10668 where should i keep tgt..?

    ReplyDelete
  2. Bought maruti ce @ 52 strike price of 10000 should I hold or exit?

    ReplyDelete