NSE:TCS
Hi Traders,
TCS remained range-bound throughout month and it has started moving in upward direction with upward price channel.
Entry and target level on chart.
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Note: This is for educational purpose only.
TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.
The stock momentum is slanting up-direction.
It break the direction with heavy volume.
At present stock is gaining the buyers volume.
Buyers are attracting in the present scenario.
But there is a strong resistance near the price.
In the conclusion I will say that because of the heavy volume Stock can break the resistance and go up.
But traders can not...
