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.