Buy: Tata Consultancy Services Limited (Above Rs.1,967)
Target: Rs 2,050
Stop loss: Rs 1,927
The stock is witnessing a reversal pattern on daily charts and bounced from its important moving average. Further, the stock is witnessing resistance breakout from 1,967 which might lead the stock to witness more upward movement. Considering the technical evidence discussed, we recommend buying the stock above 1,967 for the target of 2,050, keeping a stop loss at 1,927 on a closing basis.
Target: Rs 502
Stop loss: Rs 430
The stock is witnessing a reversal pattern on daily charts. Further, the stock is taking support from its important moving average. Breakout from its resistance levels of 458 would lead the stock to witness more upward movement. We recommend buying the stock above 460 for the target of 502, keeping a stop loss at 430 on a closing basis.
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