Sunday, April 20, 2014

How to Trade TCS after results

Hi friends,
                   TCS result was announced after market hours on Wednesday, 16 April 2014.
consolidated net profit rose 2.3% to Rs 5297 crore on 1.2% growth in revenue to Rs 21551
crore in Q4 March 2014 over Q3 December 2013.
Let us see the TCS chart to further see its movement after results.

How to Trade TCS after results
Tcs from 14th jan top fell till
2013 20th march this move
finished as abc ,The relation
between a and c was a=c and
after that we saw a nice rally
and it did 2264 by 16th of april
now its at a important juncture.
Below 2200 the bearish scenario
takes center stage which suggests
a fall towards 2000 ,which means

the rally from 2013 low till 2264 finished an X wave .
A bullish alternative emerges above 2300 which would confirm abcde finished a leading diagonal
and now a small abc done above 2300 it can make a new high above what made on 14th jan.
So keep 2200 and 2300 on watch and plan accordingly.



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