Chart Update : TCS Channel Trading

TCS Weekly Chart: 

TCS Daily Chart: 

TCS Hourly Chart:

Weekly chart if TCS shows a clear up trending channel. The zoomed in daily chart shows that up move was resisted in the middle channel line. TCS closed below 5 day high EMA,5 day close EMA , 5 days high SMA & 5 days close SMA.

  

Hourly chart shows a clear down trending channel. For up move share need to close above 1574.  Last hope for bull is 5 day low ema standing at 1555. Daily close below 1555 will push share in complete bear territory. Strength only above 1574.  Till the time it is not conquered I will recommend "Sell on rise" strategy. 

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All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.