- TCS Daily chart getting support near 100 Day SMA.
- Weekly chart has a hammer at 20 Week SMA. More lows only on breaking this level.
- Last chart shows weekly resistance line and Bearish Engulfing pattern. Price staying above this line should help bulls to resume the up move. Big weekly bearish engulfing will act negatively on up moves.
Posted by San at 8:39 AM
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.