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ITC, TCS: Trading strategies for defensive stocks in a volatile session

Major stocks are showing upside bias with support from moving averages and technical parameters

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For Divi's Lab, the RSI is successfully trading with a positive crossover, which suggests the strength and intensity is in the favour of bulls.

Avdhut Bagkar Mumbai

3 min read Last Updated : Nov 20 2020 | 1:22 PM IST

Defensive stocks such as information technology (IT), and pharma and have given stellar returns in the calendar year 2020. On a year-to-date (YTD) basis, the S&P BSE Information Technology index has gained 37 per cent while the S&P BSE Healthcare index has rallied 46 per cent. In comparison, the S&P BSE Sensex has gained 7.3 per cent during the period, exchange data show.

Given this sharp up move, what lies ahead for these stocks, and what should be your trading strategy in the current market environment. Take a look.

Tata Consultancy Services Limited (TCS): The counter is showing a

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