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Tuesday, February 23, 2016

Technical analysis of TCS and strategies



Our technical analysis of the day is TCS.





TCS has shown strong resistance at 2316 mark and which it tested yesterday and an expected downside breakout.on charts it seems to be oversold as RSI of 39 suggest so .If selling continues on may see target of 2290-2280.TCS has crucial lower support at 2254 level


We can go for short position in it at 

Sell TCS below 2308 with SL of 2315 for target of 2280





More will be update soon!!