NSE:TCS TATA CONSULTANCY S
Can still go down to 2775-2800 levels. Any bounce below 3100 is a sell on rises.
Doji created on the daily charts. All sell positions should be limited to intraday and no positional shorts. It has been opening strongly and losing steam post 10:30ish.
Seems like a breakout in TCS. If the move sustains, it could go above 3150.
Trade closed: stop reached:
TCS opening above 3035. Its an exit of all shorts. Buy on dips is a better strategy.