TCS : Too risky to touch during Result times !
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Yep ! TCS results are coming out in 4 hrs I guess. Yesterday itself TCS board has approved for share buyback, if I'm not wrong its around Rs.2800 I believe. So, a share buyback will always increase EPS of a company, here also it can happen.
But Results are coming out so there may be wildswings on any direction bcos we can never predict how Market views results. Anyway with help of trendlines we have formed zone around 2250's to 2300's ( a wick or good support with trendline can happen in singleday or comingdays ) I can't specify time. Trump getting ready to sign H1B visa reforms, well buybacks can provide support for a stock at times.
I hope that trendline wouldn't be broken on daily basis if that happens it may go down to 2100's ( pretty bad scenario). Conservative traders can enter after the upside trendline confirmation.
Things wont happen in next few mins, this one on TCS will take days or weeks !
But Results are coming out so there may be wildswings on any direction bcos we can never predict how Market views results. Anyway with help of trendlines we have formed zone around 2250's to 2300's ( a wick or good support with trendline can happen in singleday or comingdays ) I can't specify time. Trump getting ready to sign H1B visa reforms, well buybacks can provide support for a stock at times.
I hope that trendline wouldn't be broken on daily basis if that happens it may go down to 2100's ( pretty bad scenario). Conservative traders can enter after the upside trendline confirmation.
Things wont happen in next few mins, this one on TCS will take days or weeks !
Nota
Things are going as expected wait for the re-test of trendline & bounce back, its daily candles, patience is winner !Nota
Approx. 100 points in a month, Going smoothly as expectedNota
That's a good run :)
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