Once 955 is broken off, TCS may head towards 920: Amit Harchekar, IIFL
One needs to watch out levels of 986 very closely.
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| Amit Harchekar, Sr. technical Analyst, IIFL, in a chat with ET Now talks about TCS.
What would you do with TCS?
We have TCS trading at its channel resistance. In fact one needs to watch out levels of 986 very closely. Unless we do not see a closing about 986 with good volumes, we might see TCS reversing from that level because on oscillator front, it is showing a negative divergence in RSI. So in the near term, the support comes in the range of 955. So once 955 is broken off, we might see TCS heading all the way towards 920.
What would you do with TCS?
We have TCS trading at its channel resistance. In fact one needs to watch out levels of 986 very closely. Unless we do not see a closing about 986 with good volumes, we might see TCS reversing from that level because on oscillator front, it is showing a negative divergence in RSI. So in the near term, the support comes in the range of 955. So once 955 is broken off, we might see TCS heading all the way towards 920.
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