have bears taken over TCS?

132 5 10
Confluence of following factors makes TCS             a compelling sell.
1. Bearish Engulfing pattern near long term resistance level .
2. Volumes are a tad more than 10 day average volume , will be much higher as the trading day ends.
3. RSI at peak was nearing 75, means TCS             was quite overbought.
4. Negative media commentary by INFY             executive on IT business outlook.
5. RSI divergence spotted.

CMP: 2593
Stop loss: 2697
Target: 2500, further downside if 50 DEMA is breached
Comment: target achieved! stoploss can be moved to 2500. And should wait for reaction with 50 DEMA
Trade closed manually
Accurate prediction.......
Good work , Keep doing
rinkesh shiv2798
@shiv2798, Thanks :)
Rinkesh Bhai TCS ab 2700 kab aaye ga and thank you
rinkesh dharmeshpandya79
@dharmeshpandya79, no idea sir and welcome! :)
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out