TCS Ltd on a daily chart stock price is making
higher high pattern with increase in volumes. indicate rally will continue
towards north. On chart, we witnessed stock price Rs. 2210 is trading near downward
sloping trend line any trade or closed above Rs. 2216 stock price can rally
towards previous high swing. Momentum Oscillator RSI has more room left on
upside, which further add bullishness into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs. 2216 for the target of Rs. 2430 levels, with Rs. 2163
stop loss on closing basis.
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