- The Age of the Indian IT sector seems to be coming back, with NDX gaining new momentum. - This week was a good one for TCS - It finally closed above its crucial resistance zone and the 3500 Mark - It also broke the symmetric triangle formation, paving the way for future momentum. -The next week will be crucial as the price spikes will sink in. The sustenance of the price will be crucial. - We may witness some pullback/consolidation. A retest and continuation will only make the move stronger. - If the price sustains, We may see a good 4000 level.
Caution: When the bull runs, everything seems lucrative. Being cautious always pays well. Remember, you will be buying the top.
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The price did not sustain above the 3500 level. Consolidation at the resistance level.