Category Archives: Stock Trading

Indian Stock Market, Stock Investments, Stock Trading, Technology Stocks

TCS Stock Analysis-24Dec2019

TCS stock closed today at 2215. Day Open 2236, Day High 2242, Day Low 2211.

For the last 8 months, TCS has been mostly in the range between 2000 and 2220, and 2020 has acted as a strong support level everytime. 2280 level was attempted once but it failed, and gave a big correction, and 1900 level was tested successfully recently, and it gave a big rally. 2020 is a strong buying level for TCS.

The uptrend that started on 13 Dec 2019 is still intact. However, TCS stock is facing massive resistance/selling pressure at 2230-2250 level, and it has not been able to cross it in the last 6 months, despite 5 previous attempts. This is visible clearly in the weekly chart below.The 50 week moving average has been providing constant support at lower level, and the stock has been closing above that and trending up. This set up indicates either a definitive breakout above 2300 in the coming weeks, or a breakdown below 1900 (the two outer range levels for TCS in last 6 months). As the long term trend is up, a breakout above 2300 has higher probability in the coming 3-6 months. Above 2300, the upside target will be 2500.

TCS stock has a good correlation with S&P500, Nasdaq100 indices in the US market, because majority of TCS clients are based in North America (USA, Canada) and Europe.
TCS stock has been much more stable and stronger than its competitor Infosys.

If you are interested in trading TCS stock or futures, ongoing basis, please contact us for our specific service for this purpose.  You can also use the Alpha Stock Trading Course to capture all major uptrends in TCS or any stock or index.

Energy Stocks, Indian Stock Market, Stock Investments, Stock Trading, Technology Stocks

Reliance Stock Analysis-24Dec2019

Reliance (RIL) stock closed today at 1546. Today, 24 Dec 2019, the stock has broken its uptrend, which started on 20 Sep 2019. So the Reliance stock has broken its uptrend after 3 months, moving up from 1240 to 1560, in this period, and also taking Nifty50 index to new lifetime high in the same timeframe, because Reliance currently has the largest weight of approximately 10.50% in Nifty50 index.

The immediate lower support is at 1500, which is the 50 day simple moving average. That will be a key level to watch and defend, because if the stock can bounce back up from there, it can make new highs in coming months. However, if Reliance stock breaks downs below 1500, then further correction will follow immediately, and the supports are at 1440 and 1400 level. The path taken by Reliance in Jan-Feb 2020 will also impact the direction of Nifty50 index.

If you are interested in trading Reliance (RIL) stock or futures, ongoing basis, please contact us for our specific service for this purpose.  You can also use the Alpha Stock Trading Course to capture all major uptrends in Reliance or any stock or index.

Industrial Stocks, Stock Investments, Stock Trading, US Stock Market

S&P500 vs Caterpillar(CAT) Performance-22Nov2019

S&P500 vs Caterpillar (CAT) Stock Performance from 01Apr2014 to 22Nov2019

Caterpillar (CAT) is a global corporation, and its stock has been facing the full impact of the uncertainty and slowdown created by US-China trade war. The stock is currently breaking out from a double bottom pattern and moving up for target $165-170 level, from the current price of $143 per share. The early buy signals came at $120 level.

Stock Trading Strategy: The right time to buy Caterpillar (CAT) stock is when the market is badly down along with this stock price beaten down for global recession fears. Mining industry has been down for many years, so Caterpillar may get some positive growth from the recovery in global mining industry. Caterpillar is truly a long term investor’s stock, and it has created big gains for investors buying the stock on deep corrections.