As per analysis TCS showing good swing opportunity. TCS was trading in an parallel channel, now price is near by support, after touching support with inverted hammer and formed reverse double bottom. fib retracement shows it was a good retracement, so price can go up to the same length of fib retracement .
assume resistance in 50 sma, between 3800-3900, and 4000,and 4200-4300 .resistance can also assume as target. need to cautious at these levels. SL as between 3340-3390(support recently taken).
for study purpose only.
assume resistance in 50 sma, between 3800-3900, and 4000,and 4200-4300 .resistance can also assume as target. need to cautious at these levels. SL as between 3340-3390(support recently taken).
for study purpose only.
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