nano6yogesh

TCS - Trendline rejection

Short
NSE:TCS   TATA CONSULTANCY S
TCS NSE:TCS again got rejected at the long term trendline resistance which has been holding strong since Oct 1,2018.

I can see that it formed a long Bearish candle and an Evening Star pattern on Feb 28.

Good opportunity to shot for targets of 1940 and 1920 with stop loss a few points above the downward sloping trendline.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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.