TRADE IDEA ON TCS FUTURE FOR 10 JAN 19
BUY TCS ABOVE 1910
TGT 1940/1985 SL 1880
We are expecting broadly good result of TCS thanks to the
depreciating rupee against US dollar, but cross-currency effects may partially
offset their margins. The TCS will announce its Q3 results on Jan 10, 2019. After
showing correction from the 200 EMA on daily chart, now stock is trading in
short term recovery phase, it is continue the downside move in the past week with
the crossing of the support level of 1875 as the stock is managing to sustain
below the level of 1900. One may get the targets of 1940,1975 in the stock with
the stop loss of 1870. Tata