Despite a strong result TCS continues to fall..this is usually the sign of weakness in the market when market leaders are unablet to hold onto gains..esp on the backing of strong results.
Technically the stock couldve made an almost double top..its off by 1% i think.
Short below 3045 with SL of 3115.
First target 2920.
If that gets broken then the 200EMA becomes a magnet for the rice at 2780.
TCS is also the market leader so going ahead watch for the entire IT space.
Technically the stock couldve made an almost double top..its off by 1% i think.
Short below 3045 with SL of 3115.
First target 2920.
If that gets broken then the 200EMA becomes a magnet for the rice at 2780.
TCS is also the market leader so going ahead watch for the entire IT space.