May 12, 2016
TCS (NSE Cash)
BUY
` 2480
` 2555 - 2545
` 2685
5-10 sessions
2520
2485
2600
2690
Bullish
Daily Chart
Source: Falcon (Time - IST 11:45)
Since last one month, the stock is trading in a narrow range of `2550 - 2400. Prices are showing initial
signs of strength and are indicating upside breakout from the range.
The ‘Super Trend’ indicator is in ‘Buy’ mode and prices have sustained above the 89EMA in recent
past.
The ‘RSI’ indicator is indicating positive momentum and hence, we are expecting an upmove in near
term.
Thus, we advise traders to buy this stock from current level to a decline up to ` 2545 for a
target of ` 2685 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be
kept at ` 2480.
May 12, 2016
TCS (NSE Cash)
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Source: Angel Research
Research Team Tel: 022 - 40003600 (Extn.6552)
E-mail: [email protected]
Website: www.angelbroking.com
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