BUY TCS ABOVE 2950 TGT 3000/3050 SL 2900
SELL TCS BELOW 2900 TGT 2850/2800 SL 2950
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Primary trend of the TCS is bearish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term, medium term and long term charts, it is likely to continue the negative movement with the breakout of the pattern at the levels of 2900 level. as the stock is managing to trade below its 22& 55 days moving averages with the RSI of 40, one may expect the targets of 2850/2800/2800/2750 in the stock if it manages to sustain below the immediate resistance level of 2950. above 2950 one may expect the target of 3000/3050.
DAILY CHART FOR TCS:
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