November 8, 2011

TCS Support and Resistance lines

  • TCS price converging between a support and resistance line in daily chart. Price may soon give a good breakout or breakdown.
  • Daily chart is showing negative divergence with MACD indicator. But bulls are holding above 50 and 20 Day SMA.
  • At this stage if price falls and closes below 20 SMA we may see an extended correction in TCS..
  • NIFTY WEEKEND UPDATE

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