TCS

TCS 30 MIN TF

TCS seems to have hit the roadblock at 1250. On EOD basis it has seen a sharp fall at 1250 in the second attempt, a break below the TL will see more fall and may trigger bigger fall as the Weekly charts show -ve divergence closing below 1032 could Target 966 > 899 > 817. The above view holds until it closes convincingly above 1250.

TCS EOD

Short term charts {30 min} in fact shows it to be in a range and any move above 1245 or below 1140 can confirm the direction.

Action: Short immediate with SL above 1250 on closing basis. Or wait for break of TL on EOD charts which is somewhere close to 1150

CMP:  1192.1


Happy Trading !
SHEKHAR

TCS WEEKLY