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gmaster29

TCS Mid term Bearish Channel - Target 2810, 2700 and 2458.

Short
TATA CONSULTANCY S (NSE:TCS)  
gmaster29  
NSE:TCS   TATA CONSULTANCY S
Trend Analysis Chart Patterns Technical Indicators TCS india NIFTY
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trendanalysis chartpattern indicator tcs india nifty
TCS is currently oversold, and might see technical bounce 3229 short term. But mid term trend has been bearish and we could see TCS hitting lower prices while have technical bounces on the way. Parallel channel trending towards, price will test lower end of the channel, expect levels 2810, 2700 to break and gap fill at 2458 . Projecting time with target is difficult, but expect this to happen in next 3-6 months or even earlier.
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