May 22, 2014

TCS Chart analysis

 
  • TCS Trying to move back above its 200 Day SMA.
  • Price did not break below the weekly support zone between 1970 - 2011.
  • Price also took support near the weekly cloud.
  • Bullish for the stock if price is able to close above 200 SMA again. Bearish only on closing below 1970 levels.
  • INFOSYS DEATH CROSS AND SUPPORT ZONE
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