April 18, 2013

TCS Chart analysis

 
  • TCS is showing a mixed picture. Weekly candle is near crucial support levels like 20 Week SMA and 38.2% Fib level as shown in the first two charts.
  • But weekly MACD is not looking good for bulls. 
  • If a GAP up happens it may get faded before the end of the day. Sustaining below the support levels may result in further breakdown.




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