In Nifty bank, I observed that there is resistance in the current level when this resistance break we see an upside of 500 points in the near term. Due to market sentiment, this will we happen on Monday or a Tuesday
My view about TCS is Clear After a good Correction of double top Formation the trend is changing and it is forming a reverse bullish pattern In TCS I observed there is strong momentum we see in terms and also we see this stock for 3 to 6 month we see 3425 levels.
It has been observed consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the large move of 10% to 15%
A long Daily downtrend appears to have bottomed out with a surge in volumes forming a "Butterfly" harmonic pattern.
Breakout of the Rounding Bottom is indicative of a Bullish Reversal, which could push up towards the next resistance zone.