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
STOCK HAS BROKEN IMPORATNT RESISTANCE LEVEL AND READY TO FLY .
IT HAD BEEN TESTED THRICE AT THIS LEVEL EARLIER ,MOREOVER TRENLINE HAS ALSO BEEN CROSSED .
GOOD VOLMUES ARE THERE ,MACD HAS GIVEN BULLISH CROSSOVER AND RSI ALSO SHOWING STRENGTH .