Currently the stock has discounted 11% from all time high levels.
TCS (Daily): 1. Stock has closed above 200 Days Exponential Moving Average 2. Increase in Buying Volumes since 3 days 3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support) 4. Formation of Double bottom pattern on a major demand zone (around 3400 levels) 5. Formed a Marubuzu candlestick pattern today
View Point: 1. Looks Bullish
Addl Points: 1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr.
Notes: 1. The above analysis is just for educational purpose.
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