TCS trading below 50MA
For quite sometime, TCS moves below the 50MA taking a support from the trendline and zooming to trendline on the top. For confirmation, its advised to wait for a positive momentum in Nifty50 to see a positive trend TCS.
For secondary confirmation, wait for TCS to move up above 50 MA for a positional target at the trendline. The same can be seen using the 1h time frame.
Please note: This is not an investment advise, just analyzing the chart from technical stand-point. Also, TCS is a slow moving/consolidating zone right now.
For secondary confirmation, wait for TCS to move up above 50 MA for a positional target at the trendline. The same can be seen using the 1h time frame.
Please note: This is not an investment advise, just analyzing the chart from technical stand-point. Also, TCS is a slow moving/consolidating zone right now.
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