December 7, 2012

TCS Chart analysis

 
  • TCS Trying to hold above 200 Day SMA.
  • Daily is showing  a 92 point range. Bigger moves only when this range gets resolved
  • Last chart shows price yet to recover from the weekly bearish engulfing pattern.
  • For bears price need to close below 200 Day SMA. Holding above it may give an up move towards the upper end of the range.

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