October 5, 2012

TCS Chart analysis


  • 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.

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