(Short Term Cash)
November 22, 2016
TCS (NSE Cash)
BUY
` 2070
` 2160 - 2150
` 2310
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 11:00 IST)
Justification:
Around its long term support, the stock has formed a ‘Doji’ candlestick pattern on daily chart on 15th
November. In last four trading sessions, prices have managed to trade above the low of the candle. The ‘RSI’
oscillator has given positive crossover from the oversold zone. Hence, we are expecting a pullback move in
the stock in near term. Thus, we advice traders to buy this stock at current level and on correction up to
`2150 for a target of `2310 in coming 14 - 21 sessions. The stop loss for this trade set up can be kept
at `2070.
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November 22, 2016
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Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website: www.angelbroking.com Email: [email protected]
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