datepuru

Bearish Flag pattern

NSE:TCS   TATA CONSULTANCY S
TCS has formed bearish flag pattern on daily chart. We expect negative breakout. However, there is no substantive negative trigger to cause it except the potential threat to revenue in EU region due to Omicron variant of concern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.