October 28, 2013

TCS Bullish Engulfing and Support levels

  • TCS Daily chart shows price violating the up trend line but managed to close back above it.
  • Price has given a bullish engulfing pattern close to 50 Day SMA. Bears of TCS need a close below 50 Day SMA, Bulls need to close above 2080 levels to confirm a bullish move.
  • Weekly chart looks bearish with the Topish weekly candle which need a weekly close below 1995 for a breakdown to follow.
  • DOW Jones Weekend update

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