As we see NIFTY take support from the 200EMA and 0.382 FIBO LEVEL after being bearish from the last 3 days. NIFTY will start its bull run again if it sustains above 200EMA.
Few reasons to focus on this stock: It has recently touched and took support at the 0.618 Retracement level of entire 0-3 Wave. It is at monthly trendline support.This is a very strong support It is backed by Dis-investment theory. Any strong reversal can make this stock fly Previously I have done mistake by taking buy decision at an intermediate support. I have...
TCS -the IT GIANT seems to be in trouble .FIBO retracements , bollinger band and rsi all have turned negative . Stock can move down to 3063-2984 with sl at 3125 . stock is trading below 50 & 100 days moving average and can go down to 200 sma 2807