Positive Break Out in TCS
Break Out pattern observed in TCS, along with the following fundamental supports:
Currently there are 5.56L Call options at 3,400; however the trend is shifting towards an even higher price...3,500. If the stock breaches 3,400 we can expect a short squeeze that would propel this even further. It is interesting to note that the stock reached higher highs and ended at 3,380; despite the resistance at 3,400.
We can expect a good profit around Jul 8
- Large delivery volumes for the past month, which has only been increasing on a weekly basis
- Expected great returns from the IT industry, and the earnings are expected to be announced on Jul 8
- Higher proportion of Puts written and Significant number of Puts being written close to the LTP
Currently there are 5.56L Call options at 3,400; however the trend is shifting towards an even higher price...3,500. If the stock breaches 3,400 we can expect a short squeeze that would propel this even further. It is interesting to note that the stock reached higher highs and ended at 3,380; despite the resistance at 3,400.
We can expect a good profit around Jul 8
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.