Hi Traders,
TCS form Bearish Engulfing pattern at imp Resistance Level (see chart) & Indicator also turn negative as well.
Bearish view due to below point:
1) TCS faced Resistance at Higher level 2260-2290. Got 4 times reverse from there.
2) TCS will major support at 2030 -2050 price range for good risk reward trade.
3) Big Bearish Engulfing candle form at daily chart .
4) Bearish Engulfing candle form with high volume more than 20 day average. See chart for more detail
What Indicator are saying:
1) RSI Earlier Break down mean more weakness . Bear will more control stock now. (See chart)
2) MACD Histogram bar start decreasing in size mean weakness. (See chart)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
TCS form Bearish Engulfing pattern at imp Resistance Level (see chart) & Indicator also turn negative as well.
Bearish view due to below point:
1) TCS faced Resistance at Higher level 2260-2290. Got 4 times reverse from there.
2) TCS will major support at 2030 -2050 price range for good risk reward trade.
3) Big Bearish Engulfing candle form at daily chart .
4) Bearish Engulfing candle form with high volume more than 20 day average. See chart for more detail
What Indicator are saying:
1) RSI Earlier Break down mean more weakness . Bear will more control stock now. (See chart)
2) MACD Histogram bar start decreasing in size mean weakness. (See chart)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.