Topic Statement:
TCS has shown signs of recovery after a recent correction, with strong technical support levels reinforcing bullish potential.
Key Points:
The price previously found strong and consistent support near the ₹3000 mark, reaffirmed during the recent market correction.
A full retracement to the 50% Fibonacci level** at ₹3060 attracted significant buying interest, highlighting renewed strength.
Currently, the stock trades just below the 200-day EMA, indicating it remains in oversold territory, but with potential for reversal if momentum continues.
TCS has shown signs of recovery after a recent correction, with strong technical support levels reinforcing bullish potential.
Key Points:
The price previously found strong and consistent support near the ₹3000 mark, reaffirmed during the recent market correction.
A full retracement to the 50% Fibonacci level** at ₹3060 attracted significant buying interest, highlighting renewed strength.
Currently, the stock trades just below the 200-day EMA, indicating it remains in oversold territory, but with potential for reversal if momentum continues.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.