Wednesday, 11 October 2017

IN THE LIGHT OF RESULTS TCS LOOKS BULLISH


buy TCS above 2515 TGT 2550/2600 SL2470

Primary trend of the TCS is bullish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 2515 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 55, one may expect the targets of 2550/2600 in the stock if it manages to sustain above the immediate support level of 2470. 200 EMA can see as a strong support at 2445.

DAILY CHART FOR TCS:

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