TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.