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NOT Reliance or TCS…This could be India’s First Trillion Dollar Stock | Yazad Pavri
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This company could beat Reliance and TCS to become the first ‘trillion dollar’ stock of India.
If you ask a stock market investor today, which Indian company would…
This company could beat Reliance and TCS to become the first ‘trillion dollar’ stock of India.
If you ask a stock market investor today, which Indian company would…
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TCS - The Elephant in the Room
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
(CMP-3250)
#TCS
#KeepItSimple
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
(CMP-3250)
#TCS
#KeepItSimple
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TCS may Outperform NiftyIT 🥇
As Infosys started the week with a 10% downtick, the breakout on the ratio chart of TCS/NiftyIT indicates TCS may emerge as an outperformer in the IT index.
With 26.54% weightage in the IT index, the breakout from the bullish pennant on a weekly chart indicates time to keep eye on TCS.
Stay tuned for a detailed video 📹
#TCS
#ITstocks
#KeepItSimple
As Infosys started the week with a 10% downtick, the breakout on the ratio chart of TCS/NiftyIT indicates TCS may emerge as an outperformer in the IT index.
With 26.54% weightage in the IT index, the breakout from the bullish pennant on a weekly chart indicates time to keep eye on TCS.
Stay tuned for a detailed video 📹
#TCS
#ITstocks
#KeepItSimple
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Fast Profits Daily
https://www.youtube.com/watch?v=G7DA0uvyLQM&t=114s
TCS - The Lone Wolf 🔥
As highlighted in the video, TCS is outperforming the IT pack. 💰
Hope you didn't miss my video.
#ITIndex
#TCS
#KeepItSimple
As highlighted in the video, TCS is outperforming the IT pack. 💰
Hope you didn't miss my video.
#ITIndex
#TCS
#KeepItSimple
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