ZRV

TCS looks weak. A short swing opportunity.

NSE:TCS   TATA CONSULTANCY S
At CMP TCS is overvalued. The weekly structure looks weak and shows a failed double bottom structure at 38.2% Fib level. This is indicative of a fall in TCS prices. Target is the 61.8% Fib level which also coincides with the weekly trend line. This is the major support level from which TCS may resume an uptrend post 31st March 2019
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