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TCS: Another Leg of Impulse is on the way

Short
TATA CONSULTANCY S (NSE:TCS)  
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NSE:TCS   TATA CONSULTANCY S
Trend Analysis Wave Analysis Beyond Technical Analysis TCS tcsshort tcstechnicalanalysis tcstrend itstocks nifty50 sharemarket-training-india stockstowatch
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trendanalysis waveanalysis beyondta tcs tcsshort tcstechnicalanalysis tcstrend itstocks nifty50 sharemarket-training-india stockstowatch
Stock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower.

Stock is likely to fall towards 3300 and 3200 in the coming weeks.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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