TCS turned bullish long term analysistcs showing bullish reversal. Best for long term investment .target 8k.
TTTata Consultancy Services Limited
3,048.30INRR
−47.40−1.53%
At close at 10:20 GMT
INR
No trades
TCS trade ideas
Techno-Funda stock of the week!TCS is not a new name when it comes to IT giants of the world. This week it has given a clear breakout above 3436 on weekly basis. Now it should test its previous high of 4000 which is still 14%. TCS has already corrected around 26% from its all time high and this breakout is come after 3 months consolidation. As an Investor stock like these should be kept in the portfolio.
CMP - 3514 (14/7/23)
T - 4000 W
SL - 3300 W
FIRST PICK OF Q2 RESULTS TCSTCS, scheduled to announce its results on 12th July, appears to be a promising choice. Despite the overall bullish momentum in the Nifty, the Nifty IT Index has yet to showcase notable performance. However, it is anticipated that TCS will emerge as a frontrunner and lead the Nifty in the days to come. This expectation has generated optimism for a significant rally in the stock. Specific targets and stop loss levels can be found on the accompanying chart, providing investors with a clear roadmap for their investment decisions. Given the upcoming results and the favorable market conditions, TCS presents a compelling opportunity for potential gains.
TCS Low Risk High Reward IdeaAs per my analysis NSE:TCS is now ready to move upside for big levels. My buy level is 3189-3195 with stop loss of 3155 (-44 Points Risk). My expected upside target would be 3234 (+45), 3275 (+85) & 3435 (+246). This could be very low risk and high reward opportunity.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
TCS--3400 or 3200??Observations::
Before going to rise again, price wants to test the demand at 3200 range.
Previously strong fall is observed from this zone @3400 range,
now its showing again bearishness...if this continue to fall happens up to 3225-3200 range..
look for buy in this zone...
we have a strong demand zone previously in this level, may again push the price above 3400 range.
TCS BULLISH DIVERGENCE TRADE SIGNAL - BUY(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement
(b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger
(c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected & had tested a few days ago
(d) All these above mentioned patterns are indicating that tcs is ready for a ride upwards
TCS is in good accumulation zone for larger upside in makingTCS being the mammoth of the Indian IT pack..is showing strength and decent consolidation with accumulation. Trending around lower end of Fabonacci levels making it a good candidate for accumulation in portfolios with averaging till 3100 level in down side and target of 3550-3750-4000+ in next 9-12months. RSI shows oversold position with growing delivery volumes. Making it a tempting buy with larger upside and much lower downside from existing levels. Valuation wise too it has corrected to fair value as compare to peers, hence this will lead the IT pack revival in next couple of quarters.
Tata Consultancy has done a Trend Breakout as expected. Tata Consultancy Services (TCS) has recently experienced a breakout from its previous trend and is expected to retest a lower level at the highlighted support. The bearish momentum observed in the past few days has confirmed the anticipated bearish breakout. It is important to observe the price reaction at the highlighted zone following the retest from the support level.
TCS - POSSIBLE BEARISH MOMENTUM ON THE KEY LEVEL FORMED
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Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
