A TECHNICAL UPDATE ON TCS LTD—3.3.2023.

 

TCS LTD

Open—3361--High—3369.90--Low—3318--Close—3321.45 on 2.3.2023.

Support:- 3299/3261/3256.70/3234/3200/3163.65/3154.05/3132.40/3096.50/3081/3023.85/3004/2953/2926.10/2879/2845/2755/2624.95/2600/2555/2302.60/2296/2230.

Resistance:- 3323/3351/3391/3445/3480/3510.15/3576/3625/3666/3739/3780/3836/3855/3883/3945/3978—90/4043.

 (Bold and underlined figures are most important)

ALL-TIME HIGH—4043.

FOR TRADERS

It recently gotten into deep corrective mode as it is below its threshold point of 3444.30, but as long as it holds 3190 chances of up rally will be there. The overall technical setup is not that weak as of now but some important technical indicators are pointing that it may turn weak in coming days. It is critically poised at this point of time. Please note that Its key and critical support points are 3299.90---3261---3256.70--- 3234.40(bear market threshold point) and sustained break below this range will make the stock weak and can trigger fresh fall, which can drag it down to 2926.10---2879---2775 levels and sustained break below this range can pull it down further to 2475---2104---2013 levels and finally sustained break below 2013 can drag it down towards 1500 levels which may be kept in mind.

In view of the above observation traders can initiate long trade above 3299.90 and then near or within the range 3261---3234 with a stop loss of 3270 & 3180 respectively. It is strongly suggested to avoid fresh long trade below 3234.40 for sure. It will gain good foothold and may be strong up momentum above 3444.30 which please note. 

FOR INVESTOR

As mentioned above it is on a reasonable technical footing as of now but some advance technical indicators are pointing as of now that it may witness moderate to sharp in coming days. Therefore it is suggested to accumulate the stock in a staggered manner on decline with time horizon of 3-5 years for decent gains.  The buying points could be in the range of 3299.90---3234 and then in the range of 2926—2775 and then at 2475---2104---2013. For example one can initiate buying with 5% to 10% of the designated investment amount for the stock in the range of 3299.90---3234, 10% to 15% in the range of 2926---2775 and so on; it is suggested to increase the buying % on a very steep decline. It is important to mention here that as of now the range of 2500---2350 seems to be the worst price range for the stock on decline. It is suggested to structure your trade or investment with the help of above observation.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

 

TRADING CALLS FOR 16-1-2017

TRADING CALLS

1. APOLLO HOSPITAL.

Sell below -1185, S/L-1190, Target-1172/1150/1142/1130.

2. AXIS BANK.

Buy above -475.20, S/L-472, Target-480.70/182.55/498. 

3. BAJAJ AUTO.

Sell below -2707, S/L-2715, Target-2691/2686/2658/2628.                                            

4. BHARAT ELECTRONIC.

Sell below -1525, S/L-1530, Target-1518/1490/1463.

     

5. CAIRN INDIA.

Sell below -262.85, S/L-264.25, Target-261/259/255/252.

                                  

6. DIVIS LAB.

Buy above-747, S/L-743, Target-767/775.   

7. DR.REDDYS LAB.

Sell below -2975, S/L-2980, Target-2960/2951/2943/2925.

     

8. HINDALCO.

Sell below -172, S/L-174, Target-167.50/166/158.

                                        

9. INFOSYS.

Sell below-969, S/L-976, Target-958/955/932.

10. MARUTI

Sell below -5683, S/L-5700, Target-5641/5597/5525.

11. MOTHERSON SUMI

Sell below -324.70, S/L-327, Target-319/315.55/312/304.50.

12. NMDC.

Buy above-144, S/L-142, Target-146.50/149/152.

                              

                       

13. TCS.

Sell below -2237, S/L-2250, Target-2202/2163/2145.

     

 14. YES BANK.

Sell below -1307, S/L-1319, Target-1299/1273/1247/1225.   

or

 Sell near but not above 1334, S/L-1345, Target-1318/1307/1299/1273.                             

                            

                          

                          Note: Price stated here is of spot market.

                                  

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR 30-12-2016

TRADING CALLS

1. APOLLO HOSPITAL.

Buy above-1164, S/L-1159, Target-1171/1190/1201/1225.

      

2. AUROBINDO PHARMA.

Sell below -644, S/L-650, Target-620/601/588/582.

3. BAJAJ AUTO.

Buy above -2657, S/L-2645, Target-2667/2700/2716/2765.

                                      

4. CADILA HEALTCARE.

Buy above -353, S/L-350, Target-360/369/375.   

   

5. GLENMARK PHARMA.

Sell below -884, S/L-889, Target-877/860/852.

6. HCL TECH.

Buy above -825, S/L-818, Target-840/849/862.   

7. INFOSYS.

Sell below -988, S/L-994, Target-969/958/932.   

                                 

8. TCS

Buy above -2260, S/L-2350, Target-2400/2435/2456.

 

9. YES BANK

Buy above -1154, S/L-1147, Target-1160/1176/1194.

 

                              Note: Price stated here is of spot market.   

                                      

 Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

                       

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.                       

                     

   Contact me for strategic guidance to enter and exit the trade

                    

                            

TRADING CALLS FOR 27-12-2016

TRADING CALLS

1. AUROBINDO PHARMA.

Sell below -620, S/L-625, Target-604/588/582.

      

2. CADILA HEALTCARE.

Sell below -336, S/L-340, Target-328.80/315/308/304.   

3. CIPLA.

Sell below -552, S/L-556, Target-545/528/510.

                                       

4. HERO MOTOR CORP.

Sell below -2998, S/L-3012, Target-2983/2973/2954/2900.

                                        

5. LUPIN.

Sell below -1397, S/L-1405, Target-1390/1382/1365/1280.   

                                 

6. SUN PHARMA.

Sell below-608, S/L-612, Target-593/581/572.

7. TCS

Sell below -2288, S/L-2297, Target-2266/2252/2202.

                            

                      Note: Price stated here is of spot market.

                         

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

                        

                             

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR 22-12-2016

TRADING CALLS

1. ACC.

Sell below -1295, S/L-1305, Target-1284/1272/1269/1256.

2. ASHOK LEYLAND.

Sell below -77.30, S/L-78.50, Target-76.55/76.05/74.85/74.30/73.50.                                            

                                    

3. GLENMARK PHARMA.

Sell below -937, S/L-942, Target-927/923/910/896/887.

                             

4. HCL TECH.

Sell below -815, S/L-822, Target-796/793/790/783/771.

5. HERO MOTOR CORP.

Sell below-3015, S/L-3023, Target-2973/2962/2933.

6. INFOSYS.

Sell below-998, S/L-1005, Target-898/965/958/945/930.

7. L & T.

Sell below -1340, S/L-1346, Target-1336/1304/1295/1236.     

8. TATA MOTORS.

Sell below -467, S/L-470, Target-462/451/443/432.

9. TCS.

Sell below -2305, S/L-2316, Target-2287/2252/2242/2202.

10. TATA STEEL.

Sell below -401, S/L-404, Target-398/391/383/377.

Note: Price stated here is of spot market.

  

                              

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

DAY TRADING CALLS FOR 4-7-2016

TRADING CALLS

1. APOLLO HOSPITAL

Sell near but below -1337, S/L-1342, Target-1322/1311/1307/1291.

2. AUROBINDO PHARMA

Sell below -743, S/L-747, Target-740/734/731/728/712.

3. BHARAT FORGE.

Buy above-775, S/L-770, Target-790/796/805.

 4. CADILA HEALTHCARE.

Buy above-510, S/L-507, Target-521/536/542.

5. DIVIS LAB.

Buy above-1138, S/L-1131, Target-1147/1161/1168.

6. GLENMARK PHARMA  

Sell below -797, S/L-803, Target-784/782/774/763.

7. L&T.

Buy above-1545, S/L-1539, Target-1575/1610/1629.

8.  PUNJAB NATIONAL BANK.

Sell below -104.85, S/L-105.40, Target-103.5/102.85/101.10/99.70.

9.  TCS.

Sell below -2494, S/L-2504, Target-2465/2458/2453.

                                        OR

Buy above 2504.S/L-2494,Target-2542/2565/2578.

NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK. WATCH THE MARKET    FOR 10-15 MINUTES BEFORE INTIATING TRADE.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade

DAY TRADING CALLS FOR 20-6-2016

 TRADING CALLS

1. APOLLO HOSPITAL.

Sell below -1290, S/L-1296, Target-1280/1242/1213/1195.

2. AUROBINDO PHARMA.

Buy above -728, S/L-723.50, Target-735/746/757.

OR

Sell below 724,S/L-728,Target712.50/708.70/696.

3. AXIS BANK.

Sell below -524.70, S/L-527, Target-516/509/506.

4. BHARTI AIRTEL.

Buy above -359, S/L-356.75, Target-369/377.

5. BHARAT ELECTRONICS.

Sell below -1255, S/L-1260, Target-1246/1230/1210.

6. BRITANIA.

Sell below -2636, S/L-2642, Target-2607/2588/2545/2519.

7. COLGATE.

Sell below -850, S/L-856, Target-847/835/830/821.

8. DLF.

Buy above -136, S/L-134.25, Target-138.15/143/145.20.

9. DIVIS LAB

Buy above -1119, S/L-1113, Target-1127/1140/1148/1152/1165.

10. DR.REDDYS LAB.

Sell below -2999, S/L-3010, Target-2970/2956/2951/2887.

11  HCL TECH.

Buy above -755, S/L-752, Target-763.70/765/785/796.

12  PIDILITE IND.

Sell below -699, S/L-705, Target-690/688/682/675.

13. SHRIRAM TRANSPORT FINANCE.

Sell below -1134.80, S/L-1172, Target-1114/1107/1077.

14.  SUN PHARMA.

Sell below -740, S/L-745, Target-733/731/721/710.

15.  TATA MOTORS.

Buy above -466, S/L-463.50, Target-470.25/480/491.

16. TATA STEEL.

Sell below-323.80, S/L-325.60, Target-321/318/311/308.30.

                                        

17.  TCS.

Buy above -2610, S/L-2600, Target-2626/2639/2658.

                                        

 NOTE: - DAY TRADING CALL DOES NOT INDICATE OVERALL TREND OF THE STOCK. WATCH THE MARKET FOR 10-15 MINUTES BEFORE INiTIATING TRADE.

Note: Price stated here is of spot market.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Contact me for strategic guidance to enter and exit the trade