pre-Budget rally

TCS shares may rally towards Rs 4,400 soon after Friday’s breakout: Rupak De

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TCS shares may rally towards Rs 4,400 soon after Friday’s breakout: Rupak De

After ending Friday’s session nearly 7% higher, shares of Tata Consultancy Services (TCS) could rally towards a new 52-week high of Rs 4,400. “On the weekly chart, the stock had found support at the rising trend before the recent rally. On the daily chart, the stock has given a consolidation breakout. Suggesting a rise in … Read more

Budget history telling traders to not chase prices higher this week: Anand James

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Budget history telling traders to not chase prices higher this week: Anand James

The pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget. “If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices … Read more