TCS Levels & Targets - Technical analysis

2020년 7월 15일

Hey Guys,
TCS is Market leader in its sector, A very strong fundamental and management.
Recommended for long term. Very good dividend yield.

RSI: Whenever RSI shows stock is overbought the price suffer rejection from to top levels.



EMA: 200EMA looks like very strong support, price has taken support so many times in past.



Bollinger Band: price faces resistance @ Upper band and takes support on Lower band.



Strong Resistance: Current price zone is a strong resistance for the stock price.



Trendline: reduce quantity @ breakout of bottom trend line. Upper trend line can act as resistance.


Volume:



MACD: on the verge of bearish crossover. Histogram showing green bars going down.



Support & resistance:




Please share your Thoughts in comments.
let me know if you have any questions,
Thanks.