TradingView
nano6yogesh
May 22, 2018 2:15 PM

TCS - Topped out ? Short

TATA CONSULTANCY SNSE

Description

After a long uptrend, TCS NSE:TCS appears to have formed a Double Top today, facing stiff resistance around 3600 levels.

I can also see a Bearish engulfing candle at the top with RSI showing negative divergence.

Took short positions today with a target in the 3150 – 3200 zone.

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