Technical Stock Idea - Buy Tata Consultancy Services Ltd For Target Rs.4100 - Monarch Networth Capital
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Tata Consultancy Services
Stock has given a throwback to its previous breakout level of 3400 level and it was consolidating near this level since last few weeks. However, it has closed with bullish reversal candlestick formation in last week with volume support.
Stock has given close above base line in weekly ichimoku chart and it is showing positive momentum on Monthly ichimoku chart.
Stock has given close above base line in weekly ichimoku chart and it is showing positive momentum on Monthly ichimoku chart.
Recommendation is to Buy in the range of 3550-3600 keeping Stop loss at 3249 level and Target at 3900-4100 levels.
Buy : Tata Consultancy Services Ltd Buy range: 3550-3600 CMP: 3591 SL: 3249 TARGET :- 4100 TIMEFRAME: 3-4 MONTHS
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