There is a strong selling pressure visible in the chart. Rs 1800 Can act as major resistance tomorrow. As TCS is expected to release its result tomorrow we can expect a strong downfall in stock. This can be used to short TCS on an intraday basis if your system gives a sell signal.
My personal opinion:
Due to coronavirus, Wipro declined on giving any revenue guidance the same can be the case for TCS. This Pandemics might give a dent to companies earning & perhaps we may see a decline tomorrow.
I think TCS will move in 1400 next couple of weeks.
My personal opinion:
Due to coronavirus, Wipro declined on giving any revenue guidance the same can be the case for TCS. This Pandemics might give a dent to companies earning & perhaps we may see a decline tomorrow.
I think TCS will move in 1400 next couple of weeks.
1700 might act as support now.