READY TO BOUNCE BACK
Tata Consultancy Services Limited
On the weekly chart, the stock has witnessed strong bounce back from its earlier breakout zone of 3400 levels
Rising volumes at breakout zone implies increased participation
On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Friday
The stock is well placed above its 20, 100 Day SMA which reconfirms upside momentum
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
indicate an upside of 3700-3750 levels
On the weekly chart, the stock has witnessed strong bounce back from its earlier breakout zone of 3400 levels
Rising volumes at breakout zone implies increased participation
On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Friday
The stock is well placed above its 20, 100 Day SMA which reconfirms upside momentum
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
indicate an upside of 3700-3750 levels
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