TCS: Short for now

[sdalal]

TCS: On friday the stock just broke the short support channel and close below 50 EMA.. RSI has also shown a negative divergence and to help to go down Macd is turning towards negative and STOCH also in downward direction. Strategy is to short for immediate target of 733 and 704. Last support 200 Ema which is near to 700.

 

[alroyraj]

I think u must have got burnt badly...

 

[rajeabc]

I think u must have got burnt badly...

Could you please elaborate what made you think that he would have kept his position for so long that too when TCS was moving in opposite direction.
Was is just waiting for today's blast ?

 

[aryan.]

I think u must have got burnt badly...

What was the reason behind the jump, did TCS declare its earnings today?

 

[rajeabc]

What was the reason behind the jump, did TCS declare its earnings today?

yes it is well above the market expectation and now all TAs setting target 960

 

[alroyraj]

What was the reason behind the jump, did TCS declare its earnings today?

Somehow the market pre empted and correctly anticipated the TCS results.
Anyways Sdalal has an excellent eye ,I did not expect him to be anything but correct. So many stocks change direction when the signals look over whelming in one direction. So it changes really fast.