TCS - Bags Channel Contract at Rs 1,23,750- What Next?

6 de jun. de 2017

Excited as TCS bags the channel contract when it started at 2250. We picked right at the bottom 2335 & closed at 2700 in 3 attempts at Rs 1,23,750.

What Next?
We will wait to see whether it faces resistance at the channel top, which it has already respected at 2708-Day high@6th June2017, in that case it can slip down & to what extent we will keep that as open or moving above 2710 it will head for new highs.

Attempt 1 - Buying at channel bottom 2335 as per interim update.

Attempt 2 - Selling at 2600 for 2510-2535 - Falls to 2525

Attempt 3 - Buying in 2510-2535 Zone - TCS moves up-up & away -kisses 2708 day high@6thJune2017- Media Talks about IT stocks in the opening session.

8 de jun. de 2017

Trade ativo

09:41 Hrs 8th June2017

Last Price@2570

What a fall from channel top @2700 - You will be able to filll your pockets only if you respect it.

8 de jun. de 2017

Trade ativo

12:33 Hrs 8th June2017

Last Price@2525

Back to same place where it started last time at 2525

18 de jun. de 2017

Trade fechado manualmente

11:14 Hrs 18th June2017

Last Price@2399

Wow! - Channel top@2709 was awesome.

Look at the picture below